A.M. Vegas started a business called Blazinsevens. The following is the Trial Balance as of December 31 on the first year of operations. Using this information, complete the remainder of the attached worksheet.

Office supplies inventory as of December 31, $190.
Unexpired insurance as of December 31, $700
Depreciation of delivery equipment, $450.
Wages earned but not paid as of December 31, $225.

Blazinsevens
Worksheet
For the month ended December 31, 20xx
Unadjusted         Adjusted Income Balance Sheet /
Trial Balance Adjustments Trial Balance Statement Owner’s Equity
Account Titles Debit Credit   Debit   Credit Debit Credit Debit Credit Debit Credit
Cash 2090
Accounts Receivable 4100
Office Supplies 400
Prepaid Insurance 900
Delivery Equipment 8000
Accum. Depreciation   0
Accounts Payable   3575
Wages Payable 0
A.M.Vegas, Capital 7000
A.M.Vegas, Drawing 430
Service Revenue   6600
Wages Expense 900
Advertising Expense 175
Telephone Expense 180
Supplies Expense 0
Insurance Expense 0
Depreciation Expense 0
17175 17175
Net Income