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Print Item Unadjusted Trial Balance August 31, 2045 Debit Balances Credit Balances Cash 3,800 9,000 6,000 180,800 Laundry Supplies Prepaid Insurance Laundry Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings 49,200 7,800 15,000 80,000 Dividends 2,400 248,000 Laundry Revenue Wages Expense Rent Expense 135,800 43,200 Utilities Expense 16,000 Miscellaneous Expense 3,000 400,000 400,000 The data needed to determine year-end adjustments are as follows: a. Wages accrued but not paid at August 31 are $2,200. b. Depreciation of equipment during the year is $8,150. c. Laundry supplies on hand at August 31 are $2,000. d. Insurance premiums expired during the year are $5,300. 1. The following steps have already been done for you: Each account balance listed in the snadjusted trial balance has been entered into its account below, with the identification Aug 31 Bal accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, and Insurance Expense have been added below. 2. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. Add the accounts listed in part (1) as needed 3. Journalize and post the adjusting entries. Identify the adjustments by "Ads, and the new balances as "Ad), Bal." Date Account Debit Credit 2015 a. Aug. 31 Wages Expense 2,200 Wages Payaboy 2,200 b. Aug. 31 8,150 Depreciation Expense Accumulated Depreciation 8,150 c. Aug. 31 7,000 Laundry Supplies Expense Laundry Supplies 7,000 d. Aug. 31 Insurance Expense 5,300 Prepaid Insurance 5,300 Cash Aug. 31 Bal. 3,800 Laundry Supplies Aug. 31 Bal. 9,000 Aug. 31 Adj. Prepaid Insurance 6,000 Aug. 31 Bal. Laundry Equipment 180,800 Aug. 31 Bal. Accumulated Depreciation Aug. 31 Bal. 49,200 Accounts Payable Aug. 31 Bal. 7,800 Wages Payable Common Stock Aug. 31 Bal. 15,000 Retained Earnings Aug. 31 Bal. 80,000 Dividends Aug. 31 Bal. 2,400 Laundry Revenue Aug. 31 Bal. 248,000 Wages Expense 135,800 Aug. 31 Bal. Rent Expense Aug. 31 Bal. 43,200 Utilities Expense Aug. 31 Bal. 16,000 Depreciation Expense Laundry Supplies Expense Insurance Expense Debit Credit Balances Balances Cash 3,800 Laundry Supplies 2,000 Prepaid Insurance 700 Laundry Equipment 180,800 Accumulated Depreciation 57,350 Accounts Payable 7,800 Wages Payable 2,200 Common Stock 15,000 Retained Earnings 80,000 Dividends 2,400 Laundry Revenue 248,000 Wages Expense 138,000 Rent Expense 43,200 Utilities Expense 16,000 Depreciation Expense 8,150 Laundry Supplies Expense 7,000 Insurance Expense 5,300 Miscellaneous Expense 3,000 ALAPA FA La Mesa Laundry Income Statement For the Year Ended August 31, 2015 Laundry revenue 248,000 Expenses: Wages expense $ 138,000 Rent expense 43,200 Utilities expense 16,000 Depreciation expense 8,150 Laundry supplies expense 7,000 Insurance expense 5,300 Miscellaneous expense 3,000 Total expenses 220,650 Net income 27,350 La Mesa Laundry Statement of Stockholders' Equity For the Year Ended August 31, 2015 Common Retained Earnings Total Stock Balances, September 1, 2014 Prepare a balance sheet

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