Code Depreciation expande
Supplies
Total
596,300 $46,300
Adjustment data at June 30 follow:
Accrued service revenue at June 30, $1,500.
b. One-fifth of the prepaid rent expired during the month.
c Supplies on hand at June 30, $700.
d. Depreciation on automobile for the month, $1,400.
e. Accrued salary expense at June 30 for one day only. The
five-day weekly payroll is $1,500.
Requirements
1. Write the trial balance on a worksheet, using Exhibit 3-8 as an example, and pre-
pare the adjusted trial balance of Reliable Limo Service Company at June 30,
2012. Key each adjusting encry by letter.
2. Prepare the income statement and the statement of retained earnings for the
month ended June 30, 2012, and the balance sheet at that date.