Reference no: EM132090296
Question: Completing a Worksheet Starting with an Unadjusted Trial Balance (Chapter Supplement) Fairbanks Company is completing its annual accounting information processing cycle at December 31, 2011. The following worksheet has been started.
![2278_Account.png](https://secure.expertsmind.com/CMSImages/2278_Account.png)
Data not yet recorded for 2011:
a. Half of Prepaid Insurance was used in 2011.
b. Depreciation expense, $8
c. Wages earned by employees; not yet paid, $1.
d. Revenue collected by Fairbanks; not yet earned, $6.
e. Interest expense incurred; not yet paid, $3.
Required: Complete the worksheet. Set up additional column headings for Adjusting Entries, Adjusted Trial Balance, Income Statement, Owner's Equity, and Balance Sheet.