The Trial Balance and Information for Year-End Adjustments for Vilardi

question 39

Essay

The trial balance and information for year-end adjustments for Vilardi Company are as follows:
$\begin{array}{c}\text {Vilardi Company}\\\text {Trial Balance}\\\text {December 31, 20--}\\\\\begin{array}{lr} \underline{\text { Account Title }}& \underline{\text { Debit }}& \underline{ \text { Credit }}\\\text { Cash } & 15,700 \\\text { Accounts Receivable } & 9,400 \\\text { Supplies } & 6,000 \\\text { Prepaid Insurance } & 1,500 \\\text { Equipment } & 50,000\\\text { Accumulated Depreciation-Equipment } && 10,000 \\\text { Accounts Payable } && 5,400 \\\text { Wages Payable } & \\\text { Vilardi, Capital } & &29,460\\\text { Vilardi, Drawing } & 1,500 & \\\text { Service Fees } & & 63,000 \\\text { Wages Expense } & 15,100 & \\\text { Rent Expense } & 7,800 &\\\text { Supplies Expense}\\\text { Utilities Expense}&860\\\text { Insurance Expense}\\\text { Depreciation Expense-Equipment }&\underline{\quad\quad}&\underline{\quad\quad}\\&107,860&107,860\end{array}\end{array}$
a.
Supplies on hand at year-end amounted to $420.
b.
The equipment costing $50,000 has an expected life of five years and no salvage value.Vilardi uses straight-line depreciation.
c.
A premium of $1,500 for a one-year insurance policy was paid on November 1.
d.
Wages earned by employees but not paid by year-end amounted to $900.
Prepare the necessary year-end adjustments on a 10-column work sheet (identify each adjustment by letter),and complete the work sheet.

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Definitions:

Group's Environment

The physical and social setting in which a group operates, including all external factors that influence the group's dynamics.

Agency Support

Refers to assistance provided by organizations to individuals in need, aimed at improving their well-being through various services and resources.

Interagency Networks

Collaborative frameworks connecting different organizations and agencies to achieve common objectives.

Intrapersonal Interventions

Strategies or actions taken to affect or improve an individual's internal processes, such as thoughts, feelings, and behaviors.