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P4-3B. Using the following trial balance and adjustment data for Vivian's Repair Co. of Windsor, prepare: 1. A worksheet for October 2. An income statement

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P4-3B. Using the following trial balance and adjustment data for Vivian's Repair Co. of Windsor, prepare: 1. A worksheet for October 2. An income statement for October, a statement of owner's equity for October, and a balance sheet as of October 31, 2022 Adjustment Data a. One quarter of the prepaid insurance has expired. b. Repair supplies on hand, $795. c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1,200. d. Depreciation on building is also straight-line, 50-year life, and no residual value. e. Wages earned but unpaid amounted to 76 hours at $14 per hour at month-end. VIVIAN'S REPAIR CO. TRIAL BALANCE OCTOBER 31, 2022 Dr. Cr. Check Figure Net Income $13,553.92 Cash Prepaid Insurance Repair Supplies Repair Equipment Building Accumulated Accumulated Depreciation, Building Accounts Payable Vivian Hunter, Capital Vivian Hunter, Withdrawals Repair Fees Revenue Wages Expense Utilities Expense Advertising Expense Totals 3326.00 13 8200 114800 846000 50looooo 3195 200 1250000 2/72400 4310 8 500 13160000 286 8500 10821000 83100 1491200 90/9141600 90/914600 30 00

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