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2. A worksheet's unadjusted trial balance was created for Clark Kent Trucking. Upon completion, it was found that there were four (4) adjustments needing to be made. Please, complete the following: A) Properly journalize the four (4) adjustments in the General Journal (8 marks) Put those four adjustments into the following worksheet, and complete the rest of the worksheet to calculate the Net Income (or Loss) and the Balance Sheet end totals. (7 marks) C) Complete the four (4) closing entries for Clark Kent Trucking for Dec. 31, 20-2 (DO NOT WORRY ABOUT THE REMITTANCE) (4 marks) Adjustments: i) A final inventory count found that $1,200.50 worth of supplies were used. The prepaid insurance expired by $2,647 for the fiscal period. Truck The company furniture depreciated by $200 for the fiscal period. The cleaning equipment depreciated by $2,520 for the same fiscal period. ii) iii) iv) C. Kent was paid $3,100 for unearned revenue on Dec. 9, but it was accidentally put into the General Journal, at that time, as Trucking Revenue. The accounting clerk must make the adjustment.

2. A worksheet's unadjusted trial balance was created for Clark Kent Trucking. Upon completion, it was found that there were four (4) adjustments needing to be made. Please, complete the following: A) Properly journalize the four (4) adjustments in the General Journal ( 8 marks) B) Put those four adjustments into the following worksheet, and complete the rest of the worksheet to calculate the Net Income (or Loss) and the Balance Sheet end totals. (7 marks) C) Complete the four (4) closing entries for Clark Kent Trucking for Dec. 31, 20-2 (DO NOT WORRY ABOUT THE REMITTANCE) (4 marks) Adjustments: i) A final inventory count found that $1,200.50 worth of supplies were used. ii) The prepaid insurance expired by $2,647 for the fiscal period. iii) The company furniture depreciated by $200 for the fiscal period. The cleaning equipment depreciated by $2,520 for the same fiscal period. iv) C. Kent was paid $3,100 for unearned revenue on Dec. 9, but it was accidentally put into the General Journal, at that time, as Trucking Revenue. The accounting clerk must make the adjustment. Clark Kent Trucking Worksheet For the Year Fneline nari at on