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The unadjusted trial balance of Skotch Star Makers Inc. prepared as of December 31, 2015, includes the following account bailances. All of the accounts listed
The unadjusted trial balance of Skotch Star Makers Inc. prepared as of December 31, 2015, includes the following account bailances. All of the accounts listed have normal balances. Cash Accounts Recevable Supplies Prepaid Insurance Equipment $ 16,000 3,200 3,400 7,200 22,000 3,200 32.000 11000 42.000 36 000 Notes Payable (long-term) Uneaned Revenue Service Revenue Salaries and Wages Expense The follorwing information is also available A) Account of supplies revealed $1,600 worth on hand at December 31,2015 B) An insurance policy. purchased on January 1,2015 cowers four years C) The equipment depreciates at a rate of 52 200 per year no depreciation has been recorded for 2015 DI Half (or 50%) of the amount recorded as Uneamed Reenue remains unearned as of December 3, 2015 E) The accrued amount of salaries and wages at December 31, 2015 are $3,200 Required: Prepare the required adustments for the company as of December 31, 2015 (t no entry is requized for a transaction/event, select "No journal entry required in the finst account field ) Journal entry worksheet
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