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South Bend Repair Service Company keeps its records without the help of an accountant. After...

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Accounting

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South Bend Repair Service Company keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: a. Depreciation expense for the current year, $4.100. b. Insurance expired during the current year, $1,000. c. Wages earned by employees but not yet paid on December 31 of the current year, $3,200. d. The supplies count at the end of the current year reflected $1,500 in remaining supplies on hand to be used in the next yeat. e. Seven months of interest expense (on the note payable borrowed on June 1 of the current year) was incurred in the current year. f. Income tax expense was $2,824, SOUTH BEND REPAIR SERVICE COMPANY Income Statement \begin{tabular}{|l|l|} \hline Other Items: \\ \hline Total operating expenses \\ \hline Income before taxes \\ \hline Orngs per share & \\ \hline \end{tabular} SOUTH BEND REPAIR SERVICE COMPANY Balance Shont Current assets Current liablities Curred +2

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