The following trial balance was taken from the ledger of Mcintire Express Delivery Company on December 31, 20xx, the end of the company's fiscal year:
1, Enter the trial balance amounts in the Trial Balance column of a work sheet and complete the work sheet using the following information:
2. Prepare adjusting and closing entries.
a. Expired insurance, $1,530
b. Inventory of unused delivery supplies, $715
c. Inventory of unused office supplies, 593
d. Estimated depreciation, building. $7,200
e. Estimated depreciation, trucks, $7,725
f. Estimated depreciation, office equipment $1,350
g.The company credits the lockbox fees of customers who pay in advance to Unearned Lockbox Fees account. Of the amount credited to this account during the year, $2,815 had been earned by December 31.
™ h. Lockbox fees earned but unrecorded and uncollected at the end of the accounting period $408
I. Accrued but unpaid truck drivers' wages at the end of the year, $960.
3. Prepare an End of Year Worksheet, Income statement, and a balance sheet. Assume no additional investments by Matt Mcintire.