Using the following information for Bob’s Flowers for 200x, and trial balance accounts and balances

Using the following information for Bob’s Flowers for 200x, and trial balance accounts and balances on the work sheet provided, complete the work sheet, prepare adjusting and closing journal entries, and (in good form) prepare a Income Statement, Statement of Retained Earnings and Balance Sheet.

Expired insurance totals $8. Of the unearned revenue, all has been earned by the balance sheet date. Estimated depreciation of equipment is $6. Accrued wages equal $4. Unused supplies on hand are $4. Estimated income taxes are $2.
Account Name

 Trial Balance       Adjustments           Adjusted Trial Balance             Income Statement         Balance Sheet

    Debit Credit        Debit Credit      Debit Credit                                  Debit Credit                Debit Credit

Cash     30

Account Receivable    20

Prepaid Insurance    12

Supplies    10

Equipment    40

Supplies expense
Accumulated Depreciation, Equipment    6

Account Payable     12

Unearned Revenue    8

Common Stock     64

Dividends    2

Service Revenue          48

Wages Expense  24

                        138     138