P8-1A.From the following trial balance,complete a worksheet for Jim's Hardware of Halifax

DR. CR

Cash. 786

accounts Receivable 1,152

Inventory. 600

Prepaid Insurance. 684

Store Equipment. 2,160

Accumulated depr.

store eququipment. 660

Accounts Payable. 516

Jim Spool, Capital. 1,632

Income Summary. ----- ------

sales. 11,040

sales Return. 546

sales discounts. 216

cost of good solds. 4,986

wages expense. 1,716

Rent Expense. 792

Telephone Expense. 114

Miscellaneous Expense. 96

Total. 13,848 13,848

check Figure

Net Income $2,289

Assumptions a. Physical count of inventory on December 31,$615 b. Insurance expired, $150 c. Depreciation expense on store equipment, $60 d. Accrued wages, $90 Comprehensive problem: Completing a worksheet for a merchandising company WORKSHEET