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  3. 3. you are handed the following unadjusted trial b

3. You are handed the following unadjusted trial balance: Using the data below, complete the...

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Accounting

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3. You are handed the following unadjusted trial balance: Using the data below, complete the worksheet on the following page by filling in the adjustments and adjusted trial balance for Champion for the year ended December 31, 20X? a. 8 employees are paid weekly. At year end, 3 days' wages have accrued at $120 a day for each employee. b. A physical count shows $600 of office supplies on hand at year end. c. $2,600 of prepaid insurance coverage has expired. d. Annual depreciation on the equipment is $8,450. e. On November 1, Champion contractad for a new job for which it is paid $1,000 a month. It received a 4 -month advance and booked it as unearned fees. f. A client renewed its contract for 3 months at $1,300 a month, starting on November 1 . The first payment is due on February 28ih. g. The balance in Prepaid Rent is December's rent

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