The ledger of Ley company includes the following unadjusted balances. Prepaid Insurance $3000, Service Revenue $58000, and Salaries expense $25000. Adjusting entries are required for (a) expired insurance $1200, (b) services provided $1100 but unbilled and uncollected, and (c) accured salaries payable $800. Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts.
Note: You will need to add the following accounts: Accounts Receivable, Salaries Payable, and Insurance Expense.
