Using the following Trail balance and adjustment data for Vivian's Repair Co. of Windsor, prepare:

1. A worksheet for october

2. An Income Statement for october, a statement for owner's equity for october, and a balance sheet as of october 31, 2022.

Adjustment Data

a. One quarter of the prepaid insurance has expired.

b. Repair supplies on hand, $795.

c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1200.

d. Depreciation on building is also straight - line, 50-year life, no residual value.

e. Wages earned but unpaid amounted to 76 hours at $14 per hour at month end.

Check Figure Net Income $13,553.92

VIVIAN'S REPAIR CO.

TRIAL BALANCE

OCT.31st, 2022

Dr. Cr.

Cash ...................................................................3326

Prepaid Insurance............................................................1389

Repair Supplies.................................................................1148

Repair Equipment.............................................................8460

Building..............................................................................50,000

Accumulated..........................................................................................................................3952

Accumulated Depreciation , building........................................................................................12500

Accounts payable.......................................................................................................................2724

Vivian Hunter, Capital...............................................................................................................43085

Vivian Hunter, withdrawals.................................................13400

Repair fees revenue..................................................................................................................28685

Wages expense ..................................................................10890

Utilities expense..................................................................841

Advertising expense............................................................1492

Totals.................................................................................90946 90946