The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Following are the additional information: Unadjusted Trial Balance Debit Credit $ 6,500 13,200 690 115,000 $ 20,600 3,200 11,400 143,200 51,000 128,000 76,000 44,010 $306,400 $306,400 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $8,725. b. Annual depreciation on the musical equipment is $20,600. c. Accrued salaries at December 31 totalled $5,100. d. It was determined that $600 of the balance in the Office Supplies account had been used. Required: 1-3. Use the above information to complete the work sheet. Account Unadjusted Trial Balance Dobit MUSICAL SENSATIONS Work Sheet December 31, 2020 Adjustments Credit Dahit Adjusted Trial Balance Incom Credit Dahit Cradit Dobit Unadjusted Trial Balance December 31, 2020 Adjustments Account Debit Credit Debit Cash Accounts receivable Office supplies Musical equipment Accounts payable Unearned performance revenue Jim Daley, capital 6,500 13,200 690 115,000 Accumulated depreciation, musical equipment 20,600 3.200 11.400 143,200 Jim Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Depreciation expense, musical equipment $ 306,400 $ 306,400 51,000 128,000 76,000 44.010 < Prev 5 of 10 Next > Check my work Adjusted Trial Balance Income Credit Debit Credit Debit 15 5 December 31, 2020 Adjustments points Debit eBook Ask Print References Adjusted Trial Balance Income Statement Balance Sheet & Statement of Changes in Equity Credit Debit Credit Debit Credit Debit Credit Ch 4 Homework i 15 5 points Saved Salaries expense 76,000 Travelling expense Totals 44,010 $ 306,400 $ 306,400 Depreciation expense, musical equipment Salaries payable Office supplies expense Totals eBook Ask Totals Print References EA 0 $ 0. $ EA 4. Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet. Balance in the capital account Help Save & Exit Submit Check my work 0 $ 0 $ $ Ch 4 Homework i 5 15 points eBook Ask Print References 0 $ 0 EA December 31, 2020, balance sheet. Saved 0 $ 0 $ 0 $ 0 $ 0 S 0 $ 0 0 $ EA 0 0 Help