PR 4-4A Ledger Accounts, Adjusting Entries, Financial Statements, and Closing Entries; Optional Spreadsheet Obj. 2, 3...

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PR 4-4A Ledger Accounts, Adjusting Entries, Financial Statements, and Closing Entries; Optional Spreadsheet Obj. 2, 3 The unadjusted trial balance of Lakota Freight Co. at March 31, 2014, the end of the year, follows: Lakota Freight Co. Unadjusted Trial Balance March 31, 2014 Account Debit Credit No Balances Balances Cash... 11 12,000 Supplies 13 30,000 Prepaid Insurance... 14 3,600 Equipment. 16 110,000 Accumulated Depreciation-Equipment.. 17 25,000 Trucks.... 18 60,000 Accumulated Depreciation-Trucks. 19 15,000 Accounts Payable. 21 4,000 Common Stock.. 31 26,000 Retained Earnings Dividends.... Service Revenue. Wages Expense.. Rent Expense.. 32 70,000 33 15,000 41 160,000 51 45,000 Truck Expense. Miscellaneous Expense. 238 53 10,600 54 9,000 59 4,800 300,000 300,000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at March 31 are $7,500. b. Insurance premiums expired during year are $1,800. c. Depreciation of equipment during year is $8,350. d. Depreciation of trucks during year is $6,200. e. Wages accrued but not paid at March 31 are $600. Instructions 1. For each account listed in the trial balance, enter the balance in the appropriate Balance column of a four-column account and place a check mark () in the Posting Reference PR 4-4A Ledger Accounts, Adjusting Entries, Financial Statements, and Closing Entries; Optional Spreadsheet Obj. 2, 3 The unadjusted trial balance of Lakota Freight Co. at March 31, 2014, the end of the year, follows: Lakota Freight Co. Unadjusted Trial Balance March 31, 2014 Account Debit Credit No Balances Balances Cash... 11 12,000 Supplies 13 30,000 Prepaid Insurance... 14 3,600 Equipment. 16 110,000 Accumulated Depreciation-Equipment.. 17 25,000 Trucks.... 18 60,000 Accumulated Depreciation-Trucks. 19 15,000 Accounts Payable. 21 4,000 Common Stock.. 31 26,000 Retained Earnings Dividends.... Service Revenue. Wages Expense.. Rent Expense.. 32 70,000 33 15,000 41 160,000 51 45,000 Truck Expense. Miscellaneous Expense. 238 53 10,600 54 9,000 59 4,800 300,000 300,000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at March 31 are $7,500. b. Insurance premiums expired during year are $1,800. c. Depreciation of equipment during year is $8,350. d. Depreciation of trucks during year is $6,200. e. Wages accrued but not paid at March 31 are $600. Instructions 1. For each account listed in the trial balance, enter the balance in the appropriate Balance column of a four-column account and place a check mark () in the Posting Reference