Preparing a worksheet and the financial statements The trial balance and adjustment data of Brooke’s Motors, Inc., at September 30, 2012, follow:
|
BROOKE’S MOTORS, INC. Trial Balance September 30, 2012 |
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|
|
Balance |
|
|
Account |
Debit |
Credit |
|
Cash |
$ 4,200 |
|
|
Accounts receivable |
26,500 |
|
|
Supplies |
800 |
|
|
Prepaid insurance |
1,800 |
|
|
Equipment |
53,500 |
|
|
Accumulated depreciation |
|
$36,300 |
|
Accounts payable |
|
13,300 |
|
Wages payable |
|
|
|
Unearned service revenue |
|
8,500 |
|
Common stock |
|
6,000 |
|
Retained earnings |
|
13,000 |
|
Dividends |
3,500 |
|
|
Service revenue |
|
16,500 |
|
Depreciation expense |
|
|
|
Wage expense |
2,100 |
|
|
Insurance expense |
|
|
|
Utilities expense |
1,200 |
|
|
Supplies expense |
|
|
|
Total |
$93,600 |
$93,600 |
Additional data at September 30, 2012:
- Depreciation on equipment, $1,100.
- Accrued wage expense, $500.
- Supplies on hand, $700.
- Prepaid insurance expired during September, $200.
- Unearned service revenue earned during September, $4,500.
- Accrued service revenue, $900.
Requirements
1. Complete Brooke’s worksheet for September. Key adjusting entries by letter.
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.