QUICK DELIVERY Work Sheet For Month Ended 12/31/20XX Adjustments Dr. Cr. Cr. Unadjusted Trial Balance Dr. Cr. 60,000 10,000 3,000 120,000 48,000 10,000 25,000 Adjusted Trial Balance Dr. 60,000 10,000 1500 120,000 1500 20000 12500 Account Titles Cash Accounts Receivable Supplies Delivery Vans Accum Depr-Vans Accounts Payable Unearned Fees Salaries Payable B. Rapid, Capital B. Rapid, Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Total Net Income 68,000 10,000 12,500 7500 55,000 7500 55,000 50,000 50,000 320,000 12500 332,500 7500 187,000 28,000 1500 20000 41,500 194,500 28,000 1500 20000 485,500 458,000 458,000 41,500 485,500 REQUIRED: Use the Adjusted Trial Balance to prepare Quick Delivery's statement of owner's equity in the space provided below. QUICK DELIVERY Work Sheet For Month Ended 12/31/20XX Adjustments Dr. Cr. Cr. Unadjusted Trial Balance Dr. Cr 60,000 10,000 3,000 120,000 48,000 10,000 25,000 Adjusted Trial Balance Dr. 60,000 10,000 1500 120,000 1500 20000 12500 Account Titles Cash Accounts Receivable Supplies Delivery Vans Accum Depr-Vans Accounts Payable Unearned Fees Salaries Payable B. Rapid, Capital B. Rapid, Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Total Net Income 68,000 10,000 12,500 7500 55,000 75001 55,000 50,000 50,000 320,000 12500 332,500 7500 187,000 28,000 1500 20000 41,500 194,500 28,000 1500 20000 485,500 458,000 458,000 41,500 485,500 REQUIRED: Use the Adjusted Trial Balance to prepare Quick Delivery's balance sheet in the space provided below. QUESTION 24 QUICK DELIVERY Work Sheet For Month Ended 12/31/20XX Adjustments Dr. Cr. Cr. Unadjusted Trial Balance Dr. Cr. 60,000 10,000 3,000 120,000 48,000 10,000 25,000 Adjusted Trial Balance Dr. 60,000 10,000 1500 120,000 1500 20000 12500 Account Titles Cash Accounts Receivable Supplies Delivery Vans Accum Depr-Vans Accounts Payable Unearned Fees Salaries Payable B. Rapid, Capital B. Rapid, Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Total Net Income 68,000 10,000 12,500 7500 55,000 7500 55,000 50,000 50,000 320,000 12500 332,500 75001 187,000 28,000 1500 20000 41,500 194,500 28,000 1500 20000 485,500 458,000 458,000 41,500 485,500 REQUIRED: Use the Adjusted Trial Balance to prepare Quick Delivery's income statement in the space provided below