35Please refer to the worksheet below. Please complete the worksheet, including the balancing amounts in the last row.
Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700$1,700
Accounts receivable8,500$2,00010,500
Supplies100$8020
Equipment7,5007,500
Accumulated depreciation$2,000240$2,240
Accounts payable1,2001,200
Salary payable800180980
Unearned revenue600600
Common stock1,0001,000
Retained earnings2,4002,400
Dividends2,3002,300
Service revenue40,0002,00042,000
Salary expense24,00018024,180
Supplies expense2,300802,380
Depreciation expense1,6002401,840
$48,000$48,000$2,500$2,500$50,420$50,420
36Please refer to the worksheet below:
Trial BalanceAdjustmentsAdjusted Trial BalanceIncome StatementBalance Sheet
Account TitleDr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.Dr.Cr.
Cash$1,700
Accounts receivable8,500
Supplies100
Equipment7,500
Accumulated depreciation$2,000
Accounts payable1,200
Salary payable800
Unearned revenue600
Common stock1,000
Retained earnings2,400
Dividends2,300
Service revenue40,000
Salary expense24,000
Supplies expense2,300
Depreciation expense1,600
$48,000$48,000
Post adjustments needed according to the information below, and complete the worksheet.
?At year-end, the company has earned $2,000 of service revenue from a client, but has not yet completed the job, or received a payment.
?At year-end, the company owes $180 of salaries to its staff that it has not paid yet.
?At year-end, the company has only $20 of supplies left.
?At year-end, the company records $240 of depreciation expense.