The adjustments columns of the worksheet for Munoz Company are shown below.

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 beextended.

Transcribed Image Text:

Adjustments Debit Credit Account Titles Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenuc Salaries and Wages Expensc Insurance Expense Depreciation Expense 600 400 900 500 600 500 400 900 2,400 2,400