Use the following information to complete the partial worksheet for Bill’s
Company. Record the appropriate adjusting entries using the data below and
extend the balances over to the adjusted trial balance columns.
Merchandise inventory—ending $10
Store supplies on hand 3
Depreciation on store equipment 2
Accrued salaries 1
Bill’s Company
Partial Worksheet
For the Year Ended December 31st, 2012
Account Titles Trial Balance Adjustments Adjusted
Trial Balance
Debit Credit Debit Credit Debit Credit
Merchandise Inv. 16
Store Supplies 10
Store Equipment 20
Accum. Depr. Store
Equip. 6
Salaries Payable
Income Summary
Salary Expense 10
Depreciation Expense
Store Supplies Exp.
