The trial balance and adjustment data of Brookes Motors, Inc., at September 30, 2012, follow: Additional data
Question:
Additional data at September 30, 2012:
a. Depreciation on equipment, $1,100.
b. Accrued wage expense, $500.
c. Supplies on hand, $700.
d. Prepaid insurance expired during September, $200.
e. Unearned service revenue earned during September, $4,500.
f. Accrued service revenue, $900.
Requirements
1. Complete Brookes worksheet for September. Key adjusting entries by letter.
2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account form for the month ended September 30,2012.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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