Question

Check my work The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,400, Services Revenue $59.600, and Wages Expense $5,400. Adjusting entries are required for (a) prepaid rent expired $400 (b) accrued services revenue $1.300 and ( accrued wages expense $900. Prepare a 10 column worksheet with six rows for the following accounts: Prepaid Rent Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete the work sheet for these accounts. CLAUDELL COMPANY Work Sheet Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr Cr Cr. Dr. Cr Dr. Cr Dr 1.400 Account Title Accounts Receivable Prepaid Rent Wages Payable Services Revenue Wages Expense Rent Expense 59 600 5 400 < Prev 3 of 6 Next > w

Answer 1

		Unadjusted		Adjustments		Adjusted		Income Statement		Balance Sheet
Account Title		Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Accounts Receivable				$ 1,300.00		$ 1,300.00				$ 1,300.00
Prepaid Rent		$ 1,400.00			$    400.00	$ 1,000.00				$ 1,000.00
Wages Payable					$    900.00		$      900.00				$ 900.00
Service Revenue			$ 59,600.00		$ 1,300.00		$ 60,900.00		$ 60,900.00
Wages Expense		$ 5,400.00		$    900.00		$ 6,300.00		$ 6,300.00
Rent Expense				$    400.00		$    400.00		$    400.00

Is this correct?