Question - Preparing a worksheet and the financial statements
The trial balance and adjustment data of Myla's Motors at November 30, 2012, follow:
Additional data at November 30, 2012:
a. Depreciation on equipment, $1,100.
b. Accrued wage expense, $600.
c. Supplies on hand, $200.
d. Prepaid insurance expired during November, $200.
e. Unearned service revenue earned during November, $4,000.
f. Accrued service revenue, $800.
Requirements -
1. Complete Myla's worksheet for November. Key adjusting entries by letter.
2. Prepare the income statement, the statement of owner's equity, and the classified balance sheet in account form for the month ended November 30, 2012.