Business, 11.12.2019 04:31 madrae02

The unadjusted trial balance of sketch star makers inc., prepared as of december 31, 2018, includes the following account balances. all of the accounts listed have normal balances. cash 14,500accounts receivable 2,900supplies 2,800prepaid insurance 6,600equipment 19,000accumulated depreciation 2,900notes payable (long term) 29,000deferred revenue 9,500service revenue 39,000salaries and wages expense 34,500the following information is also available: a) a count of supplies revealed $1,300 worth on hand on december 31, 2018.b) an insurance policy, purchased on january 1, 2018, covers five years. c) the equipment depreciates at a rate of $1,900 per year; no depreciation has been recorded for 2018.d) one half (or 50%) of the amount recorded as deferred revenue remains deferred as of december 31, 2018.e) the accrued amount of salaries and wages on december 31, 2018, is $2,900.required: prepare the required adjustments for the company as of december 31, 2018

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The unadjusted trial balance of sketch star makers inc., prepared as of december 31, 2018, includes...

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