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The following notes are the data needed to prepare year-end adjustments for Lovely Lolita's Logistics Co, as of March 31, 2020. [Please see spreadsheet on

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The following notes are the data needed to prepare year-end adjustments for Lovely Lolita's Logistics Co, as of March 31, 2020. [Please see spreadsheet on "Sheet 6." a. b. c. d. March 31, 2020 is the end of the fiscal year. Supplies on hand at March 31, 2020 are $ 7,500. Insurance premiums expired during the year are $ 1,800. Depreciation of equipment during the year is $ 8,350. Depreciation of Trucks during the year is $ 6,200. Wages accrued but not paid at March 31, 2020 are $ 600. e. f. Required: I Post the required adjustments and complete the spreadsheet. A check figure for NI is $ 51,150. 2 Prepare the three financial statements for Lovely Lolita's Logistics Co. Problem #5 (Continued from Sheet 5] Lovely Lolita's Logistics Co. Unadjusted Trial Balance 31-Mar-20 Unadjusted Trial Balance Dr Cr. 12,000 30,000 3,600 110,000 25,000 60,000 15,000 4,000 Cash Supplies Prepaid Insurance Equipment Accumulated depreciation-equipment Trucks Accumulation depreciation-trucks Accounts Payable Wages Payable Common Stock Retained earnings Dividends Service revenue Rent expense Wages expense Truck fuel expense Miscellaneous expense Supplies expense Insurance expense Depreciation expense-equipment Depreciation expense-trucks 26,000 70,000 15,000 160,000 10,600 45,000 9,000 4,800 300,000 300,000

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