The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 es 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 Unadjusted Trial Balance Debit Credit $7,500 14,200 790 125,000 $ 21,600 4,200 12,400 154,300 52,000 138,000 86,080 45,010 $330,500 $330,500 13 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9.225 b. Annual depreciation on the musical equipment is $21.600. c. Accrued salaries at December 31 totalled $6,100. d. It was determined that $650 of the balance in the Office Supplies account had been used: ezlomeducation.com.prodo=c15 Single Viewindie NOSSO WEB2144910 WID=1227 TUTORGILSDO 1-3. Use the above information to complete the worksheet MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance income Statement Balance Sheet Statement of Changes in Equity Debit Credit Credit Debit Credit Debit Credit Debit Credit $ Debit 7.500 14,200 790 125,000 21.000 4200 12 400 154 300 Account cash Accounts receivable Office Supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Uneamed performance revenge Jim Daley, capital + Jum Daley, withdrawals Performance revenue Salaries expense Travelling expense Totals Depreciation expense, musical equipment Salaties payablo Office supples expense Totals 52.000 138,000 86,000 45010 330,500 S $ 330 500 Totals II @ Type here to search O G 4. Calculate the balance in the capital hccount as it would appear on the December 31, 2020, balance sheet Balance in the capital account References