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please find correct answer for missing parts. thank you The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000,
please find correct answer for missing parts. thank you
The ledger of Lentz Company includes the following unadjusted balances: Prepaid Insurance $3,000, Service Revenue $58,000, and Salaries and Wages Expense $25,000. Adjusting entries are required for (a) expired insurance $1,800; (b) services performed $1,100, but unbilled and uncollected; and (c) accrued salaries payable $800 Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Adjustments Trial Balance Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr Dr. Cr. Dr. Cr. Dr Cr Dr Prepaid Insurance 18 120 12 Service Revenue 56900 56900 Salaries and Wages Expense 24200 24200 58000 Salaries and Wages Payable 25000 Insurance ExpenseStep by Step Solution
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