Problem 18-6 Completing a Ten-Column Work Sheet

The August 31 trial balance data for adjustments for Shutterbug Cameras is listed below.

Data for Adjustments
Merchandise Inventory, August 31	$	78,672
Supplies on hand, August 31		389
Insurance premium expired during the period		490
Additional federal income taxes owed		252

1.	Complete the ten-column work sheet for Shutterbug Cameras for the month ended August 31. The totals will be automatically calculated.

2.	Identify which account in the Balance Sheet section (Accounts Payable or Accounts Receivable) has the higher balance.