The account balances (in thousands) appearing on the trial balance The account balances (in thousands) appearing on the trial balance (below) were taken from the general ledger of Yang Bakery at October 31. Additional information (in thousands) for the month of October which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates Â¥300 on hand at October 31. (b) The amount of insurance that expired in the month of October was Â¥200. (c) Depreciation on equipment for October was Â¥400. (d) Rent owed on the bakery for the month of October was Â¥600 but will not be paid until November. Instructions Using the above information, complete the worksheet on the following page for Yang Bakery for the month of October. YANG BAKERY Worksheet For the Month Ended October 31, 2011 Trial Balance Adjustments Adjusted Trial Balance Income Statement Statement of Financial Position Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 1,000 Supplies 1,100 Prepaid Insurance 2,200 Equipment 24,000 Accum. Depreciationâ€” Equipment 4,500 Accounts Payable 2,400 Notes Payable 4,000 Share capital-ordinary 5,300 Retained Earnings Dividends 2,400 10,000 Revenue 4,900 Utilities Expense 400 Totals 31,100 31,100 Supplies Expense Insurance Expense Depreciation Expense Rent Expense Rent Payable Totals Net Income Totals Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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