The adjustments columns of the worksheet for Toeaina Company are shown below.
|
Adjustments |
||
|
Account Titles |
Debit |
Credit |
|
Accounts Receivable |
1,100 |
|
|
Prepaid Insurance |
300 |
|
|
Accumulated Depreciation—Equipment |
900 |
|
|
Salaries and Wages Payable |
500 |
|
|
Service Revenue |
1,100 |
|
|
Salaries and Wages Expense |
500 |
|
|
Insurance Expense |
300 |
|
|
Depreciation Expense |
900 |
|
|
2,800 |
2,800 |
|
Adjustments
Instructions
(a) Prepare the adjusting entries.
(b) Assuming the adjusted trial balance amount for each account is normal, indicate the financial statement column to which each balance should be extended.