Essay
Using the following data, make the adjustments, and complete the worksheet for the month.
(a) Equipment costing $750 with a residual value of $150 has an expected life of 12 months.
(b) Accrued salaries of $100.
(c) Supplies ledger balance $900, supplies used $400.
Account Trial Balance Adjustments Adj. Trial Bal Inc. St'ment Balance Sheet
| DR | CR | DR | CR | DR | CR | DR | CR | DR | CR | |
| cash | 1,000 | |||||||||
| accts. rec. | 400 | |||||||||
| supplies | 900 | |||||||||
| equipment | 750 | |||||||||
| Accts. payable | 700 | |||||||||
| capital | 1,950 | |||||||||
| withdrawals | 200 | |||||||||
| fees earned | 900 | |||||||||
| sal. expense | 300 | |||||||||
| totals | 3,550 | |||||||||
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