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QS 4-4 Preparing a partial work sheet LO P1 The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $2,700, Services Revenue
QS 4-4 Preparing a partial work sheet LO P1 The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $2,700, Services Revenue $72,600, and Wages Expense $6,700. Adjusting entries are required for (a) prepaid rent expired $1,050; (b) accrued services revenue $2,600; and (c) accrued wages expense $1,550. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete the work sheet for these accounts. CLAUDELL COMPANY Work Sheet Adjustments Adjusted Trial Balance Income Statement Balance Sheet Unadjusted Trial Balance Dr. Account Title Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Accounts Receivable 2,700 Prepaid Rent Wages Payable Services Revenue 72,600 6,700 Wages Expense Rent Expense
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