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Question
A partially completed worksheet is shown below. The unadjusted trial balance columns are complete. Complete the adjustments, adjusted trial balance, income statement, and balance sheet columns.
| PLATEN COMPANY Work Sheet For the year ended December 31 | ||||||||||
| Account | Unadjusted Trial Balance | Adjustments | Adjusted Trial Balance | Income Statement | Balance Sheet | |||||
| Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | Debit | Credit | |
| Cash | 40 | |||||||||
| Accounts receivable | ||||||||||
| Prepaid insurance | 25 | |||||||||
| Supplies | 14 | 8 | ||||||||
| Office equipment | 340 | 340 | ||||||||
| Accum.depr. Office equip. | 45 | |||||||||
| Accounts payable | 57 | 57 | ||||||||
| Rent payable | ||||||||||
| Common stock | 100 | 100 | ||||||||
| Retained earnings | 32 | 32 | ||||||||
| Dividends | 35 | 35 | ||||||||
| Fees earned | 300 | 380 | ||||||||
| Rent expense | 60 | 90 | ||||||||
| Utilities expense | 20 | |||||||||
| Insurance expense | 10 | |||||||||
| Supplies expense | ||||||||||
| Deprec. exp Office equip. | 45 | |||||||||
| Totals | 534 | 534 | ||||||||
| Net income | ||||||||||
| Totals | ||||||||||
Answer
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