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The following is the Trial balance along with adjustment for West Company. Complete the following: 1. Adjusted trial balance, 2. Typical form of income statement,

The following is the Trial balance along with adjustment for West Company.

Complete the following:

1. Adjusted trial balance,

2. Typical form of income statement,

3. Balance sheet,

4. Proper form of Income statement,

5. Statement of owner's equity and

6. Classified Balance sheet.

West Company
Trial Balance
Account Dr. Cr.
Cash 2500
Inventory 900
Prepaid Rent 1200
Prepaid Insurance 70
Office Equipment 2170
Accum. Dep - Equip 580
Unearned storage fees 2530
Accounts Payable 120
West Co, Capital 1950
Sales 11210
Sales Return and allowances 550
Sales Discount 230
Cost of goods sold 5000
Utilities expense 100
Plumbing expense 220
Salaries expense 2050
Insurance expense 1400

Adjustments:

A. Ending Inventory $850

B. Storage fees earned$520

C. Rent expired $150

D. Depreciation expense $80

E. Salaries Accrued $220

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