Business, 13.10.2020 04:01 kingoc321

The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the work sheet following adjustment. Use the following adjustment information to complete the work sheet. A. Depreciation on equipment, $3.
B. Accrued salaries, $6.
C. The $12 of unearned revenue has been earned.
D. Supplies available at December 31, 2017, $15.
E. Expired insurance, $15.
WESTCOTT COMPANY
Partial Work Sheet
For the Year Ended December 31
Unadjusted Trial Adjusted Trial
Balance Adjustments Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 35 35
Accounts receivable 30 30
Supplies 42
Prepaid insurance 36 18 18
Equipment 54 54
Accumulated
depreciation-Equip 31 14
Accounts payable 5
Salaries payable 15
Unearned revenue 23 23
Common stock 15
Retained earnings 35
Dividends 26 26
Revenue 170 23 173
Depreciation expense-Equip 14 14
Salaries expense 33 15
Insurance expense 15
Supplies expense
Utilities expense 23
Totals $279 279 67 $70 177 $173

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The following data are taken from the unadjusted trial balance of the Westcott Company at December 3...

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