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The balance, before adjustments, in the Trovato Services ledger as of December 31 are as follows: Prepare a worksheet for Trovato Services as of December
The balance, before adjustments, in the Trovato Services ledger as of December 31 are as follows:
Prepare a worksheet for Trovato Services as of December for the following adjustments:
Company Supplies on hand, December 31, $3,500.00.
Insurance expired for December, 31 $4,800.00.
Depreciation on equipment for December 31, $13,600.00.
Wages accrued but not paid at December 31, $2,400.00
Complete the following financial statements: Income Statement, Owner's Equity and Balance Sheet.
\begin{tabular}{lll} Account & Dr. & Cr. \\ Cash & 5,800 & \\ Company Supplies & 15,000 & \\ Prepaid Insurance & 9,600 & \\ Company Equipment & 218,100 & \\ Accumulated Depreciation & & 82,200 \\ Accounts Payable & & 12,200 \\ Tom Aba, Capital & & 75,600 \\ Tom Aba, Drawing & 4,000 & \\ Company Revenue & & 330,000 \\ Wages Expense & 142,800 & \\ Rent Mall Expenses & 72,000 & \\ Utilities Expenses & 27,300 & \\ Miscelaneus Expenses & 5,400 & \\ \multicolumn{1}{l}{ Total } & $500,000 & $500,000 \end{tabular}
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