The adjustments columns of the work sheet for Betsy Company are shown below.

\section*{Instructions}

(a) Prepare the adjusting entries.

(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.

Transcribed Image Text:

Adjustments Account Titles Debit Credit Accounts Receivable 700 Prepaid Insurance 400 Accumulated Depreciation 1,000 Salaries Payable 600 Fees Earned 700 Salaries Expense 600 Insurance Expense 400 Depreciation Expense 1,000 2,700 2,700