Chapter Six
Worksheet
Problems
Problem 6-1:
Shown below is the trial balance of the Verna Smith Service Agency.
Verna Smith Service Agency
Trial Balance
December 31,
Cash
95,000
Accounts Receivable
23,850
Supplies
450
Prepaid Insurance
1,200
Building
410,000
Accumulated Depreciation,
20,100
Building
Accounts Payable
60,000
Mortgage Payable
325,000
V. Smith, Capital
45,000
V. Smith, Withdrawals
100
Service Revenue
180,000
Building Repair Expense
15,000
Utilities Expense
4,500
Salaries Expense
80,000
630,100
630,100
Required
1. Copy the trial balance on the worksheet.
2. Complete the worksheet using the following adjustments:
a. Unused supplies are $300.
b. Depreciation on building is $10,000.
c. Expired insurance is $900.
d. Accrued salaries are $2,000.
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