The adjustments columns of the worksheet for Misra Company are shown below.
|
Account Titles |
Adjustments |
|
|
Debit |
Credit |
|
|
Accounts Receivable |
1,100 |
|
|
Prepaid I nsurance |
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 |
|
Istructions
(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.