The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2017. Complete the worksheet following adjustment. (Enter their balances in the correct Debit or Credit column)

Use the following adjustment information to complete the work sheet.

a. Depreciation on equipment, $3.

b. Accrued salaries, $6.

c. The $12 of unearned revenue has been earned.

d. Supplies available at December 31, 2017, $15.

e. Expired insurance, $15.

Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash $21
Accounts Receivable 12
Supplies 24
Prepaid Insurance 18
Equipment 39
Accumulated Depreciation - Equip. $15
Accounts Payable 6
Salaries Payable
Unearned Revenue 12
W. Westcott, Capital 42
W. Westcott, Withdrawals 6
Revenue 75
Depreciation Expense - Equip
Salaries Expense 18
Insurance Expense
Supplies Expense
Utilities Expense 12
Totals $150 $150

The total of adjusted trial balance debit and credit side is $159 after posting the given transactions. The sheet is attached with the full working showing both of the trial balances - un-adjusted and adjusted one.

Explanation:

Following journal entries were posted in the trial balance to adjust it.

Transaction a:

Debit: depreciation expense $3

Credit: accumulated depreciation $3

Transaction b:

Debit: salaries expense $6

Credit: accrued salaries $6

Transaction c:

Debit: Unearned revenue $12

Credit: Revenue $12

When unearned revenue is earned, it is removed from unearned revenue by debiting it and then it is credited to the revenue for the period.

Transaction d:

Debit: supplies expense $9

Credit: supplies $9

Transaction e:

Debit: insurance expense $15

Credit: Insurance prepaid $15

When the insurance is expired, it is deducted from the prepaid insurance by crediting it from prepaid insurance account and it is debited to insurance expense account.

answer(b); ; ; the quantitative or qualitative variable for which the experimenter wishes to determine how its value is affected by the explanatory variable;