Reference no: EM131798870

After reading the unadjusted trial balance, create an adjusted trial balance with this information:

- company paid premium for 1 year on insurance of which 3 months was reduced prior to the current month
- balance at end of month for prepaid postage is $409.00
- truck is being depreciated over 5 years (60 months) using the straight line method (3 months have been depreciated prior to the current month)
- equipment is being depreciated over 7 years (84 months) using straight line method (3 months have been depreciated prior to the current month)
- no interest was paid on the note during the month
- no payments or advances on the note during the month
- interest rate on the note is 6% (use 12 equal months when calculating interest)
- earned and unpaid wages at end of month=$850
-no income earned that was not billed or paid