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Kirk Enterprises Offers Rug Cleaning Services to Business Clients

Question 212

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Kirk Enterprises offers rug cleaning services to business clients.Below is the trial balance for Kirk Enterprises,which was prepared on the end-of-period spreadsheet
(work sheet)for the year ended July 31.​Required Kirk Enterprises offers rug cleaning services to business clients.Below is the trial balance for Kirk Enterprises,which was prepared on the end-of-period spreadsheet  (work sheet)for the year ended July 31.​Required   Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.​Adjustments:a) The equipment is estimated to last for five years with no salvage value.The asset will be depreciated evenly over its useful life.Record one month's depreciation.b) Accrued wages,$2.c) Unused supplies on hand,$8.d) Of the unearned revenue,75% has been earned.e) Unexpired insurance remaining at the end of the month,$9. Enter the adjustment data in the work sheet for the transactions shown below and place the balances in the Adjusted Trial Balance columns.​Adjustments:a) The equipment is estimated to last for five years with no salvage value.The asset will be depreciated evenly over its useful life.Record one month's depreciation.b) Accrued wages,$2.c) Unused supplies on hand,$8.d) Of the unearned revenue,75% has been earned.e) Unexpired insurance remaining at the end of the month,$9.

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