eBook Show Me How Calculator Adjustments and Work Sheet Showing Net Income Compl

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eBook Show Me How Calculator Adjustments and Work Sheet Showing Net Income Complete the adjustments for the trial balance after one month of operation for Mason's Delivery Service as of September 30, 20-, 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. f an amount box does not require an entry, leave it blank. Mason's Delivery Service Work Sheet For Month Ended September 30, 20-- Income S Trial Balance Adjustments Adjusted Trial Balance Credit Debit Credit Debit Account Title Debit Credit Debit ash ccounts Receivable upplies repaid Insurance elivery Equipment 1,600 940 635 1,200 6,400

Explanation / Answer

Mason's Delivery Service

Work sheet

For the month ended September 30, 20...

Trial balance Adjustments Adjusted trial balance Income summary Account title Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,600 1,600 Accounts receivable 940 940 Supplies 635 545 90 545 Prepaid insurance 1,200 650 550 650 Delivery equipment 6,400 600 5,800 600 Wages 350 350 Wages payable 350

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