Preparing a worksheet and the financial statements [40-50 min]The trial balance and adjust...

Preparing a worksheet and the financial statements [40-50 min]

The trial balance and adjustment data of Brooke’s Motors, Inc., at September 30, 2012, follow:

Additional data at September 30, 2012:

a. Depreciation on equipment, $1,100.

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b. Accrued wage expense, $500.

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c. Supplies on hand, $700.

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d. Prepaid insurance expired during September, $200.

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e. Unearned service revenue earned during September, $4,500.

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f. Accrued service revenue, $900.

Requirements

1. Complete Brooke’s worksheet for September. Key adjusting entries by letter.

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2. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in account form for the month ended September 30, 2012. :