Chapter 2, Problem 2R

The trial balance of Wikki Cleaners at December 31, 2012, the end of the current fiscal year, is as follows:

Information for the adjusting entries is as follows:

1. a. Cleaning supplies on hand on December 31, 2012, $18,750.
2. b. Insurance premiums expired during the year, $1,800.
3. c. Depreciation on equipment during the year, $21,600.
4. d. Wages accrued but not paid at December 31, 2012, $1,830.

Open the file F1WORK from the website for the book at cengagebrain.com. Enter the formulas in the appropriate cells on the worksheet. Then enter the adjusting amounts in columns E and G. Also, in column D or F, insert the letter corresponding to the adjusting entry (a–d). Column A is “frozen” on the screen to assist you in completing requirement 3.