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Account Titles Cash Supplies Prepaid insurance Equipment Accum. depreciaiton- Accounts payable Interest payable Rent payable Wages payable Property taxes payable Long-term notes payable S. Smith, Capital S. Smith, Withdrawals Construction revenue Depreciation expense - Wages expense Interest expense Insurance expense Rent expense Supplies expense Property taxes expense Repairs expense Utilities expense Totals Trial Balance Dr. 18,000 10,000 7,000 140,550 Cr. 25,500 5,600 25,000 78,100 139,000 33,000 41,000 2,750 11,000 4,400 2,500 3,000 273,200 273,200 Worksheet Adjustments Dr. Cr. Adjusted T/B Cr. Dr. Income Statement Dr. Cr. Balance Sheet Dr. Cr. 4. Post the adjusting entries you prepared in part 3 to the same T-accounts from part 2 and calculate the new adjusted balances. 5. Prepare an adjusted trial balance. Prepare the Income Statement for the month ended March 31, 2022. 7. Prepare the Statement of Owner's Equity for the month ended March 31, 2022. 8. Prepare the balance sheet on March 31, 2022. 6. Journalize the following adjusting entries: a. Accrued salaries expense as of the end of the month is $2,500. b. Depreciation on the computer equipment is $100 and depreciation on the office furniture is $500. One month's worth of prepaid insurance has expired. d. Office Supplies on hand at the end of the month are $350. e. You analyzed the unearned tax services revenue account and determined that the company had earned $400 of that amount during March. f. Accounting Service Revenue of $750 has been earned but not yet recorded or collected. 4. Post the adjusting entries you prepared in part 3 to the same T-accounts from part 2 and calculate the new adjusted balances. 5. Prepare an adjusted trial balance. 6. Prepare the Income Statement for the month ended March 31, 2022. 7. Prepare the Statement of Owner's Equity for the month ended March 31, 2022. 8. Prepare the balance sheet on March 31, 2022. Adjusted entries Mar-31 Salaries expenses Salaries payables Mar-31 Depreciation - Equipment Mar-31 Depreciation - Office furniture Mar-31 Insurance expenses Prepaid Insurance Mar-31 Supplies expenses(800+1500-350) Supplies Mar-31 Unearned revenue Service Revenue Mar-31 Accounts receivables Service Revenue Acc.depreciation equipment Acc.depreciation office Furniture $ 2,500 $ 100 500 $ 500 $ 1,950 $ 400 750 SA $ SA S SA GA SA $ 2,500 100 500 500 1.950 400 750

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