Todd Silver is the purchasing agent for Moore Co. One of his suppliers, Gem Co., offers Todd a free vacation to France if he buys at least 75% of Moores supplies from Gem Co. Todd, who is angry because Moore Co. has not given him a raise in over a year, is considering the offer. Write your recommendation to Todd.

4. Using the trial balance in Figure 18, and adjustment data of Kylers Moving Co., prepare

a. A worksheet for the month of January.

b. An income statement for January, a statement of owners equity for January, and a balance sheet as of January 31, 201X.

Adjustment Data to Update Trial Balance

a. Insurance expired, $450.

b. Moving supplies on hand, $400.

c. Depreciation on moving truck, $350.

d. Wages earned but unpaid, $180.

Kylers Moving Co.

Trial Balance

January 31, 201X

Debits Credits

A. Cash 11,000.00

B. Prepaid Insurance 1,800.00

C. Moving Supplies 1,000.00

D. Moving Truck 16,000.00

E. Accumulated Depreciation, Moving Truck 5,500.00

F. Accounts Payable 2,700.00

G. K. Hilton, Capital 19,228.00

H. K. Hilton, Withdrawal 1,300.00

I. Revenue from Moving 8,300.00

J. Wages Expense 3,150.00

K. Rent Expense 775.00

L. Advertising Expense 703.00

Totals 35,728.00 35,728.00