Reference no: EM132465595

Adjustments and Work Sheet Showing a Net Loss

Jason Armstrong started a business called Campus Delivery Service. Complete the adjustments for the trial balance after one month of operation for Campus Delivery Service as of November 30, 20--.

Required:

Question 1. Analyze the following adjustments and enter them on the work sheet.

1. Ending inventory of supplies on November 30, $185.
2. Unexpired (remaining) insurance as of November 30, $800.
3. Depreciation expense on van, $300.
4. Wages earned but not paid as of November 30, $190.

Question 2. Complete the work sheet. If an amount box does not require an entry, leave it blank.

Campus Delver/ Seryle Work Sheet (Partlan  For Mann Ended November 30, 20)

		TM WM					MEWS
	MMIT MU	OM		OM			OM		OM
1	Cash	9	8 0 00									1
2	Accounts Receivable	5	9 000									2
3	Supplies	S	7 5 00									3
4	Prolukt inuiranro	1    3	0 0 00									4
5	Van	5 8	0 0 00									5
6	Accum. Dept -Van											6
7	Accounts Payable				9 6 0	00						7
8	Wages Payable											8
9	Jason Annstrong, Capital			10	0 0 0	00						9
10	Jason Armstrong, Drawing	6	0 0 00									10
11	Detre" Fees			2	6 0 0	00						11
12	Wages Expense	1 8	0 0 00									12
13	klextising Exams*	3	8 0 00									13
14	Rent Expense	9	0 0 00									14
IS	Supplies Expense											15
16	Tekophone Expense	2	2 0 00									16
17	Insinixe Bperse											17
18	Wall Expense	3	1 S 00									18
19	011 and Gas Expense	1	0 0 00									19
20	Depi. bpense-van											20
21		13              5	6 0 00	1 13	56000							21