Exercise 4-5 The adjustments columns of the worksheet for Misra Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 900 Prepaid Insurance 200 Accumulated DepreciationEquipment 800 Salaries and Wages Payable 400 Service Revenue 900 Salaries and Wages Expense 400 Insurance Expense 200 Depreciation Expense 800 2,300 2,300

Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service revenue on account) (To record expired insurance) (To record depreciation) (To record accrued salaries) SHOW LIST OF ACCOUNTS LINK TO TEXT

Indicate with an "X" the financial statement column to which each balance should be extended. Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Accounts Receivable X X X X Prepaid Insurance X X X X Accumulated DepreciationEquipment X X X X Salaries and Wages Payable X X X X Service Revenue X X X X Salaries and Wages Expense X X X X Insurance Expense X X X X Depreciation Expense X X X X SHOW LIST OF ACCOUNTS