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0 Complete the year-end Balance columns of the work sheet. 4 points) Jan Olsen i

ID: 2603109 • Letter: 0

Question

0 Complete the year-end Balance columns of the work sheet. 4 points) Jan Olsen is a lawyer specializing in estate law. A trial balance was taken on December 31, usting entries and extend the appropriate balances to the Adjusted Trial entries Office s ExPlies on hand at year-end amounted to $650. Expired insurance amounted to $900. c. ion on the computer equipment, $1,150. Wages earned but not paid as of December 31, $1,230. Jan Olsen, Attorney Work Sheet (partial) For Year Ended December 31,20- Adjusted Trial Trial Balance Account Title ebit CreditDebitCreditsbit Credit Cash Accounts Receivable Office Supplies 1,000 Prepaid Insurance Computer Equipment Accum. Depr.- Comp. Equip. Accounts Payable Wages Payable J. Olsen, Capital J. Olsen, Drawing Client Fees Rent Expense Wages Expense 14,000 Telephone Expense Office Supplies Expense Insurance Expense 15,000 8,750 1,400 " 27,300 11,550 230 28,000 2,800 40,000 6,000 123D 1,100 350 aoo Depr. Exp- 115D Comp. Equip. 2200 Utilities Expense 2340 3 79,550 29.550 00020

Explanation / Answer

0 Complete the year-end Balance columns of the work sheet. 4 points) Jan Olsen i