Trial Balance Debit Credit Answer APC-1 Income Adjustments Statement Debit Credit Debit Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credit Accounts 120 Prepaid Insurance 160 180 180 Inventory, Jan. 1 Building 900 Accum. Depreciation 250 Other Assets 2,068 Uneamed Consult Rev. 48 Capital Stock 2,100 Ret Earnings, Jan. 1 620 Sales 3,600 Repair Serv Revenue 800 Office Supp. Expense 120 Balanes Expense 1,800 Purchases 2.400 Totais 7.628 2.628 Trial Balance Debit Credit Adlustments Debit Credit Income Statement Debit Credit Retained Earnings Statement Debit Credit Balance Sheet Debit Credi Account Titles Insurance Expense Inventory, Dec 31 (1) Depreciation Expense Consulting Revenue Office Supplies Salaries Payable Uneared Repair Serv. Rev. Income Tax Expense Income Tax Payable Not Income Retained Earnings, Dec. 31 Figure APC-1 is the condensed worksheet for the Ajax Company as of December 31, 2010. Additional Information: . & Prepaid insurance is for a two-year theft policy dated July 1, 2010. . b The ending inventory amounts to $300. . The building is being depreciated over a 30-year life, straight-line, no salvage value. d The balance in Unearned Consulting Revenue pertains to a contract sold on September 1, 2010, to provide service to a client for one year. .e Office supplies on hand at year-end amount to $24. $ At year-end, there are accrued salaries of $50. 3 Repair Service Revenue includes a contract for $120 received on July 1, 2010, for a one- year period of time. The tax rate is 50% . . . Required: Complete the worksheet, assuming that adjusting entries are made only at December 31, 2010