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The trial balance of B. C. Towe, Quick Cleaners, for the year ended December 31 is presented below. Data for the adjustments are as follows:
The trial balance of B. C. Towe, Quick Cleaners, for the year ended December 31 is presented below. Data for the adjustments are as follows: a. Depreciation of equipment, $3,010. b. Depreciation of van, $2,200. c. Accrued wages, $660. d. Insurance expired, $450. e. Supplies remaining, $170. Instructions: Complete a work sheet for B. C. Towe, Quick Cleaners. Journalize the adjusting entries. Prepare an income statement, a statement of owners equity, and a balance sheet. Assume that no additional investments were made during the year
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