Question
The ledger of Crane Company includes the following unadjusted balances: Prepaid Insurance $4,400, Service Revenue $56,200, and Salaries and Wages Expense $23,200. Adjusting entries are
The ledger of Crane Company includes the following unadjusted balances: Prepaid Insurance $4,400, Service Revenue $56,200, and Salaries and Wages Expense $23,200. Adjusting entries are required for (a) expired insurance $1,500, (b) services performed $1,300 are billed and not yet collected, and (c) accrued salaries payable $600.
Please help me enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
LENTZ COMPANY
Worksheet
Trial Balance Adjustments Adjusted Trial Balance. Income Statement. Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Account Titles.
Prepaid Insurance
Service Revenue
Salaries and Wages Expense
Accounts Receivable
Salaries and Wages Payable
Insurance Expense
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