Question Details

Selected worksheet Data for Nicholson Company:
Account Titles                      | Trial Balance | Adjusted Trial Balance
                                                        Dr.      Cr.                  Dr.       Cr.   
Accounts Receivable                           ?                          34,000   
Prepaid Insurance                             26,000                     20,000                                                  
Supplies                                            7,000                           ?                                       
Accumulated Depreciation                              12,000                           ?                                       
Salaries Payable                                               ?                             5,000                      
Service Revenue                                           88,000                       97,000                             
Insurance Expense                                                                 ?                             
Depreciation Expense                                                       10,000                                           
Supplies Expense                                                              5,000                                                              
Salaries Expense                                  ?                           49,000            

Instructions:
(a) Fill in the missing amounts.
(b) Prepare the adjusting entries that were made.     


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