The 10-column worksheet will involve the following statements in the book of accounts of Claudell Company (displayed for practicality):
a) and b) Unadjusted Trial Balance Adjustments
Debit Credit Debit Credit
Prepaid Rent $1,000 $200
Services Revenue $55,600 $900
Wages Expense $5,000 $700
Rent Expense $200
Accounts Receivable $900
Wages Payable $700
c), d), and e) Adjusted Trial Income Statement Balance Sheet
Balance
Debit Credit Debit Credit Debit Credit
Prepaid Rent $800 $200 $800
Services Revenue $56,500
Wages Expense $5,700 $5,700
Rent Expense $200 $200
Accounts Receivable $900 $900
Wages Payable $700 $700
Data:
Account balances for the unadjusted trial balance are:
Prepaid Rent $1,000
Services Revenue $55,600
Wages Expense $5,000
Analysis of adjusting entries:
(a) Rent Expense $200 Prepaid Rent $200
(b) Accounts Receivable $900 Services revenue $900
(c) Wages Expense $700 Wages Payable $700
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