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 Myla’s Motors, Inc., at November 30, 2012, follow:

Additional data at November 30, 2012:

a. Depreciation on equipment, $1,100.

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b. Accrued wage expense, $600.

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c. Supplies on hand, $200.

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d. Prepaid insurance expired during November, $200.

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e. Unearned service revenue earned during November, $4,000.

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f. Accrued service revenue, $800.

Requirements

1. Complete Myla’s worksheet for November. 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 November 30, 2012.