Chapter 4, Problem 4QS

Preparing a partial work sheet P1

The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000,, Services Revenue $55,600, and Wages Expense $5,000. Adjustments are required for (a) prepaid rent expired $200; (b) accrued services revenue $900; and (c) accrued wages expense $700. Prepare a 10-cohimn worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the unadjusted balances and the necessary adjustments on the work sheet and complete the work sheet for these accounts.