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The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted

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The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows: MUSICAL SENSATIONS Work Sheet December 31, 2020 Unadjusted Trial Balance Account Debit Credit Cash $ 7,600 Accounts receivable office supplies 14,300 800 126,000 Musical equipment $ 21,700 Accumulated depreciation, musical equipment Accounts payable Unearned performance revenue Jim Daley, capital 4,300 12,500 155,410 Jim Daley, withdrawals 52,100 Performance revenue 139,000 87,000 Salaries expense Travelling expense Totals 45,110 $332-910 $332,910 Following are the additional information: a. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,275 b. Annual depreciation on the musical equipment is $21,700. c. Accrued salaries at December 31 totalled $6,200. d. It was determined that $655 of the balance in the Office Supplies account had been used Required: 1-3. Use the above information to complete the work sheet Account Cash Accounts receivable Office supplies Musical equipment Accumulated depreciation musical equipment Accounts payable Uneamed pedomance revue Jm Daley capital Jim Daley, withdrawals Perhumance revenue Salaries expone Traveling expe Totals Depreciation experiment Suturies payalia Once supples expense Totals Totals Unadjusted Trial Balance 7.600 14.300 300 126.000 21.700 4,300 12.500 156.410 52.100 139 000 67,000 45,110 S 332 910332,910 S Debit Cedil MUSICAL SENSATIONS Work Sheet December 31, 2020 Adjustments Debit $ 0$ Credit Adjusted Trial Balanc Debit Cred S 05 3 income Sement Debit Crede as 0. Balance Sheet & Statement of Changes in Equity Debit Cred 25 A Office supplies expense Totals S 0$ 0$ 05 Totals 4. Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet Balance in the capital account 0$ 05 0

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