Chapter 2, Problem 4R

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.

Suppose you discover that an assistant in your department had misunderstood your instructions and had provided you with the wrong information on two of the adjusting entries. Cleaning supplies consumed during the year should have been $18,750, and insurance premiums unexpired at year-end were $1,800. Make the corrections on your worksheet and save the corrected file as F1WORK4. Reprint the worksheet.