Preparing a worksheet and the financial statementsThe trial balance and adjustment data of...

Preparing a worksheet and the financial statements

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

Additional data at September 30, 2012:

a. Depreciation on equipment, $1,100.

b. Accrued wage expense, $500.

c. Supplies on hand, $700.

d. Prepaid insurance expired during September, $200.

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

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 owner’s equity, and the classified balance sheet in account form for the month ended September 30, 2012.