Selected worksheet data for Nicholson Company are presented below.
|
Trial Balance |
Adjusted Trial Balance |
|||
|
Dr. |
Cr. |
Dr. |
Cr. |
|
|
Accounts Receivable |
? |
34,000 |
||
|
Prepaid Insurance |
26,000 |
20,000 |
||
|
Supplies |
7,000 |
? |
||
|
Accumulated Depreciation |
12,000 |
? |
||
|
Salaries Payable |
? |
5,000 |
||
|
Service Revenue |
88,000 |
97,000 |
||
|
Insurance Expense |
? |
|||
|
Depreciation Expense |
? |
10,000 |
||
|
Supplies Expense |
5,000 |
|||
|
Salaries Expense |
49,000 |
|||
Instructions
(a) Fill in the missing amounts.
(b) Prepare the adjusting entries that were made.