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The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $3,00O, Services Revenue $75,600, and Wages Expense $7,000. Adjusting entries are required
The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $3,00O, Services Revenue $75,600, and Wages Expense $7,000. Adjusting entries are required for (a) prepaid rent expired $1,200; (b) accrued services revenue $2,900; and (c) accrued wages expense $1,700. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete the work sheet for these accounts CLAUDELL COMPANY Work Sheet Unadjusted Trial Balance Adjusted Trial Balance Adjustments Income Statement Balance Sheet Account Title Dr Cr. Dr. r. Dr. Cr. Dr. Cr. Dr. Cr Accounts Receivable Prepaid Rent Wages Payable Services Revenue 3,000 75,600 Wages Expense Rent Expense 7,000
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