The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2016. Each account carries a normal balance and the accounts are shown here.

Use the data above to prepare a work sheet. Enter the accounts in proper order and enter their balances in the correct Debit or Credit column. Use the following adjustment information to complete the work sheet.
a. Depreciation on equipment, $3
b. Accrued salaries, $6
c. The $12 of unearned revenue has been earned
d. Supplies available at December 31, 2016, $15
e. Expired insurance, $15

Transcribed Image Text:

$32 Accounts Payable Accounts Recelvable $6 Prepald Insurance... $18 Retalned earnings .. 12 Revenue 15 Salarles Expense 18 Unearned Revenue 12 12 24 nron Equipment 39 Common Stock 100