Reference no: EM13977326

At the end of the first three months of operation, Evergreen Repairs, Inc.'s trial balance is as

Evergreen Repair, Inc.

Trial Balance
March 31, 2014

Cash	7,983
Accounts Receivable	5,872
Office supplies	970
Repair, Rent	1,500
Equipment	5,200
Accounts Payable		2,629
Unearned Repair Revenue		1,146
Common Stock		5, 000
Retained Earning		6,314
Dividends	1,800
Repair Revenue		12,236
Wages Expense	3,580
Office Cleaning  Expense	420
	27,325	27,325

Evergreen has hired an accountant to prepare financial statements to determine how well his company is doing after three months. Upon examining the accounting records, the account finds tat following items interest:

(a) An inventory of office supplies reveals supplies on hand of $469,
(b) The Prepaid Rent account includes the rent for the first three months plus deposit for April's rent.
(c) Depreciation on the equipment on the equipment for the first three months is $560.
(d) The balance of the Unearned Repair Revenue account represents a 12-Month service contract paid in advance on February 1.
(e) On March 31, accrued wages total $168.
(f) Federal income taxes for the three months are estimated t be $1,250.

Required:

All adjustments affect one balance sheet account and on income statement account. For each of these situations, show the accounts affected, the amount of the adjustment(using a + or - to indicate an increase or decrease) and the balance of the account after the adjustment in the following format.

Balance Sheet Amount, Amount of Adjustment (+ or -),Balance After Adjustment, Income Statement Account, Amount of Adjustment (+ or -), Balance After Adjustment.