Question

given these trial balances (photo 1) how do you properly fill out the worksheet (photo 2)

Exercise 4-01 The trial balance columns of the worksheet for Crane Company Crane Company Worksheet For the Month Ended June 30, 2020 Trial Balance Account Titles Dr. Cr. Cash 2,100 Accounts Receivable 2,400 Supplies 1,900 Accounts Payable 1,100 Unearned Service Revenue 390 Owner's Capital 2,720 Service Revenue 3,000 Salaries and Wages Expense Miscellaneous Expense 220 Total 7,210 7,210 590 Other data: 1. 2. 3. A physical count reveals $500 of supplies on hand. $130 of the unearned revenue is still unearned at month-end. Accrued salaries are $160.

Answer 1

Account Titles $ $ $ $ $ $ Trial balance Dr Or 2,100 2,400 1,900 $ 1,100 $ 390 $ 2,720 $ 3,000 590 220 7,210 $ 7,210 CRANE COMPANY Worksheet June 30, 2020 Adjustments Adj. Trial balance | Income statement Dr Cr Dr Cr Dr Cr $ 2,100 $ 2,400 $ 1,400 $ 500 $ 1,100 260 $ 130 $ 2,720 $ 260 $ 3,260 $ 3,260 160 $ 750 $ 750 $ 220 $ 220 Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's capital Service revenue Salaries and wages expense Miscellaneous Expense Totals Balance sheet Dr Cr 2,100 2,400 500 $ 1,100 $ 130 $ 2,720 $ $ $ $ $ $ 1,400 $ 1,400 $ 1,400 Supplies Expense Salaries and wages payable Totals Net Income Totals $ 1,820 $ $ 160 1,820 $ 7,370 $ $ 160 7,370 3,260 $ $ $ $ 2,370 $ 890 3,260 $ $ 5,000 $ $ 5,000 $ 160 4,110 890 5,000 3,260 $

Adjustment entries: No. Credit Debit 1,400 $ Account Titles and explanations Supplies Expense Supplies (to record supplies expense) $ 1,400 260 Unearned Service Revenue Service Revenue (to record unearned revenue earned) $ 260 $ 160 Salaries and wages Expense Salaries and wages Payable (to record accrued salaries) 160