PREPARATION OF A WORKSHEET
Unadjusted account balances at December 31, 2009, for Rapisarda Company at the top of the next page. The following data are not yet recorded:
a. Depreciation on the equipment is $25,000.
b. Unrecorded wages owed at December 31, 2009: $2,000.
c. Prepaid rent at December 31, 2009: $10,000.
d. Income tax rate: 30 percent.
PREPARATION OF A WORKSHEET