The trial balance for Oregon Bike Company, a business owned by Craig Moody, is shown on page 556. Year-end adjustment information is provided below. (a and b) Merchandise inventory costing $26,000 is on hand as of December 31, 20–.(The periodic inventory system is used.)(c) Supplies remaining at the end of the year, $2,500.(d) Unexpired insurance on December 31, $1,820.(e) Depreciation expense on the building for 20–, $6,400.(f) Depreciation expense on the store equipment for 20–, $2,800.(g) Unearned rent revenue as of December 31, $2,350.(h) Wages earned but not paid as of December 31, $1,100.REQUIRED1. Complete the Adjustments columns, identifying each adjustment with its corresponding letter.2. Complete the work sheet.3. Enter the adjustments in a generaljournal.
The trial balance for Oregon Bike Company a business owned