TEXMEX RESTAURANT

VDD

Based on the unadjusted balance sheet below, record the following adjustments:

$\backslash$table$[[,$UNADJUSTED TB$],[$Cash$,$DEBIT,CREDIT$],[$CC receivable,$57,980,],[$Prepaid insurance,$620,],[$Food inventory,$3,600,],[$Beverage inventory,$12,200,],[$Building$,3,400,],[$Acc Dep. Building,$150,000,],[$Equipment$,,],[$Acc Dep. Equipment,$12,000,],[$A$/$P$,,],[$Payroll payable,,$],[$N$/$P$,,],[$Capital$,,],[$SR$,16,200,],[$Wages exp,,$100,000],[$Salaries exp,,$],[$Utilities exp,$24,900,],[$Miscellaneous exp,$1,800,],[,282,],[$CoS$($ exp$),818,],[$Insurance exp,$246,100,246,100],[$Depreciation Exp,,$],[,,]]$

End of period adjustments:

$13.$ Ending Food inventory $=$$$3,200$ and Ending Beverage inventory $=$$$1,175$

$14.$Prepaid insurance is expensed monthly. Paid $2$ years in advance for $$3,600$

$15\mathrm{.}2$ days of wage and salaries were earned but not paid. We owe wages $=$$$400$ and salaries $=$$ $480$

$16.$Depreciation $($straight line method$)$: equipment $$12,000,8$ year$-$life, no residual value, building $$150,000$ cost$,$ $$30,000$ residual value, $24-$year life.