Prepare a 12-column work sheet for the year ended 2010 December 31. You need not include account numbers. Briefly explain the entries in the Adjustments columns at the bottom of the work sheet.

$ 16,490 5439 900 1,800 21.611 125,000 Cah Account Rece Supples and Prepaid ve Mavice Pre Rent Equipment Accunoasted Depreciation Equiment Accounts Payable Notes Poble Capital Stock Retained Earnings, 2020_mwny1 Service Revue Interest Expense Serres per Advertisi Expense Supplies Expose Mw Expo Legal and Accounting Expanse Les Expense $ 25,00 29.550 2,000 150,000 20,65 27.010 225 142,200 23,250 3.75 13,30 1.800 473.25 $413245 The company consistently followed the policy of initially debiting all prepaid items to asset accounts. Prepaid fire insurance is USD 600 as of the end of the year. Supplies on hand are USD 638 as of the end of the year. Prepaid rent is USD 2,625 as of the end of the year. The equipment is expected to last 10 years with no salvage value Accrued salaries are USD 2,625 2. Prepare a 12-column work sheet for the year ended 2010 December 31. You need not include account numbers. Briefly explain the entries in the Adjustments columns at the bottom of the work sheet, as was done in Exhibit 20