Required: 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet. a. Depreciation on equipment, $11 b. Accrued salaries, $14 $11 14 20 c. The $20 of unearned revenue has been earned 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net income. Account Title Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned revenue W. Westcott, Capital W. Westcott, Withdrawals Services revenue Depreciation expense-Equipment Salaries expense Insurance expense Supplies expense Utilities expense Totals Net Income Totals Unadjusted Trial Balance Debit Credit $61 36 72 34 55 22 26 20 $326 WESTCOTT COMPANY Work Sheet For Year Ended December 31 $31 14 20 106 155 d. Supplies available at December 31, $55 e. Expired insurance, $23 $326 Adjustments Debit $20 11 14 23 69 Credit Adjusted Trial Balance Credit Debit 55 23 Income Statement Debit Credit Balance Sheet & Statement of Owner's Equity Debit Credit

Required: 1. Use the following information to complete the Adjustments and Adjusted Trial Balance columns of the work sheet. a. Depreciation on equipment, $11 b. Accrued salaries, $14 $11 14 20 d. Supplies available at December 31, \$55 e. Expired insurance, $23 55 23 c. The $20 of unearned revenue has been earned 2. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns, including net income