Use ders Earn SOUTH BEND REPAIR SERVICE CO. Unadjusted Trial Balance For the Year Ended December 31 Debit Credit 19,600 7.000 1,300 900 27,000 12,000 er 31 after 5.100 2,500 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Note payable (two years: 12% interest due each December 31) Common stock (3,000 shares outstanding all year) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 5,000 300 15,700 10,300 48,000 25,200 7.700 DO 93.800 93.800 DO DO Data not yet recorded at December 31 of the current year include 4. Depreciation expense for the current year, $3.000. b. Insurance expired during the current year, $450. c Wages earned by employees but not yet paid on December 31 of the current year, $2,100. 4. The supplies count at the end of the current year reflected $800 in remaining supplies on hand to be used in the next year. 1. Income tax expense was $2.300. Required: 1. Record the adjusting entries. 2. Prepare an income statement and a classified balance sheet for the current year to include the effects of the preceding five transactions. 3. Record the closing entry. just