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The ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $4,300, Service Revenue $56,700, and Salaries and Wages Expense $24,200. Adjusting entries are
The ledger of Cullumber Company includes the following unadjusted balances: Prepaid Insurance $4,300, Service Revenue $56,700, and Salaries and Wages Expense $24,200. Adjusting entries are required for (a) expired insurance $1,600, (b) services performed $1,900 are billed and not yet collected, and (c) accrued salaries payable $800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. Account Titles Dr. Trial Balance Adjustments Prepaid Insurance Service Revenue Salaries and Wages Expense Accounts Receivable Salaries and Wages Payable Insurance Expense eTextbook and Media CULLUMBER COMPANY Worksheet ments Adjusted Trial Balance Income Statement Cr. Dr. Cr. Dr. eTextbook and Media Income Statement Balance Sheet Dr. Cr. Dr. Cr
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