Using the following data, make the adjustments, and complete the worksheet for one 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. Statement Balance Sheet
DR CR DR CR DR CR DR CR DR CR
Cash 1,100
Accts. Rec. 400
Supplies 900
Equipment 750
Accts. Payable 800
Capital 1,950
Withdrawals 200
Fees Earned 900
Sal. Expense 300
Totals 3,650 3,650

What will be an ideal response?

Answer:
Account Trial Balance Adjustments Adj. Trial Bal Inc. Statement Balance Sheet
DR CR DR CR DR CR DR CR DR CR
Cash 1,100 1,100 1,100
Accts. Rec. 400 400 400
Supplies 900 c 400 500 500
Equipment 750 750 750
Acct. Pay. 800 800 800
Capital 1,950 1,950 1,950
Withdrawals 200 200 200
Fees Earned 900 900 900
Sal. Exp. 300 b 100 400 400
Totals 3,650 3,650

Depr. Exp. a 50 50 50
Accm. Depr. a 50 50 50
Sal. Pay b 100 100 100
Supp. Exp. c 400 400 400
Totals 550 550 3,800 3,800 850 900 2,950 2,900
Net Loss 50 50
900 900 2,950 2,950