WESTCOTT COMPANY

Partial Work Sheet

For the year ended December $31$

$\backslash$table$[[$Cash$,\backslash$table$[[$Unadjusted Trial$],[$Balance$]],$Adjustments,$\backslash$table$[[$Adjusted$],[$Trial Balance$]],$Income Statement,$\backslash$table$[[$Balance Sheet and Staten$],[$of Retained Earnings$]]],[$Debit$,$Credit,Debit,Credit,Debit,Credit,Debit,Credit,Debit,Credit$],[$$$,56,,],[$Accounts receivable,,$33,,,,,,,,,,],[$Supplies$,,66,,,,,,,,,,],[$Prepaid insurance,,$32,,,,,,,,,,],[$Equipment$,,53,,,,,,,,,,],[$Accumulated depreciation$-$Equipment,,,$$,29,,,,,,,,],[$Accounts payable,,,,$13,,,,,,,,],[$Salaries payable$],[$Unearned revenue,,,,$19,,,,,,,,],[$Common stock,,,,$52,,,,,,,,],[$Retained earnings,,,,$46,,,,,,,,],[$Dividends$,,20,,,,,,,,,,],[$Services revenue,,,,$145,,,,,,,,],[$Depreciation expense$-$Equipment$],[$Salaries expense,,$25,,,,,,,,,,],[$Insurance expense$],[$Supplies expense$],[$Utilities expense,,$19,,,,,,,,,,],[$Totals$,$$$,304,$$$,304,,$$$,,,,,,],[$Net income$],[$Totals$,,,,,,,,,,,,]]$Exercise $3-22$B $($Algo$)$ Preparing unadjusted and adjusted trial balances, including the adjustments LO

P$8$

Use the following adjustment information to complete the Adjustments columns of the work sheet.

a$.$ Depreciation on equipment, $$10$

b$.$ Accrued salaries, $$13$

c$.$ The $$19$ of unearned revenue has been earned

d$.$ Supplies available at December $31,$ $$50$

e$.$ Expired insurance, $$22$

Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns.

Compute totals for those columns including net income.