ADJUSTMENTS AND WORK SHEET SHOWING NET INCOME The trial balance after one month of operation for Mason's Delivery Services as of september 30,20--, is shown below.
Data to complete the adjustments are as follows:
(a) Supplies inventory as of september 30 , $90.
(b) Insurance expired (used), $650,
(c) Depreciation on delivery equipment, $600.
(d) Wages earned by employees but not paid as of september 30, $350
Required
1. Enter the adjustments in the Adjustments columns of the work sheet.
2. Complete the work sheet.
Extracted text: Mason's Delivery Service Work Sheet (Partial) For Month Ended September 30, 20 - - TAAKI AITNETS ACCDUMIE 1 Cash 600 00 940 00 6 3 5 00 1200 00 6 400 00 2 Accounts Recelvable 3 Supples 2 3 4 Prepaid Insurance 5 Delvery Equipment 6 Accum. Depr.-Delivery Equipment 7 Accounts Payable 8 Wages Payable 9 MI Mason, Capital 10 MI Mason, Drawing 11 Delivery Fees 4 5 1 2 2 0 00 8 80 0 0 00 1400 00 10 6 2 00 00 11 1500 00 4 60 00 8 00 00 12 Wages Expense 12 13 Advertsing Expense 14 Rent Expense 13 14 15 Supplies Expense 16 Phone Expense 17 Insurance Expense 18 Repair Expense 19 Ol and Gas Expense 20 Depr. Expense-Delivery Equipment 21 15 165 00 16 17 230 00 9 0 00 18 19 20 15 4 2 0 00 15 4 2| o 00 21