(Service Revenue) (Prepaid Insurance) (96,850-88,580) (26,250 -20,518)=14,002
than divide 14,002 by six( number of blank spaces)= 2,333.67 round it to 2,334
add 2,334 to each missing link. Obviously that's not right and I'm having difficult time solving this problem.

*AE4-6


Incorrect.
Selected work sheet data for Nicholson Company are presented below.

Instructions -

(a) Fill in the missing amounts. (If answer is zero, please enter 0. Do not leave any fields blank.)

Account Titles




Trial Balance Adjusted Trial Balance

Dr. Cr. Dr. Cr.
Accounts Receivable ? 34,273
Prepaid Insurance 26,250 20,518
Supplies 7,070 ?
Accumulated Depreciation 12,959 ?
Salaries Payable ? 4,073
Service Revenue 88,580 96,850
Insurance Expense ?
Depreciation Expense 10,030
Supplies Expense 4,510
Salaries Expense 48,380

(b) Prepare the adjusting entries that were made.

Description/Account Debit Credit
Accounts Receivable
Service Revenue
(To record service revenue on account.)
Insurance Expense
Prepaid Insurance
(To record expired insurance.)
Supplies Expense 4,510
Supplies
(To record supplies used.)
Depreciation Expense 10,030
Accumulated Depreciation
(To record depreciation.)
Salaries Expense
Salaries Payable
(To record accrued salaries.)