The account balances (in thousands) appearing on the trial balance (below) were taken from the general

ledger of Yang Bakery at October 31.

Additional information (in thousands) for the month of October which has not yet been recorded in the accounts as follows :
a. A physical count of supplies indicates $500 on hand at October 31.
b. The amount of insurance that expired in the month of October was $200.
c. Depreciation on equipment for October was $400
d. Salaries owed for the month of October was $1.100 but will not be paid until November
Instructions
1. Using the above information, complete the worksheet on the following page for Yang Bakery for the month of October.
2. Prepare the financial statements of Yang Bakery consist of Income Statement, Retained Earnings Statement, and Statement of Financial Position.
 YANG BAKERY
WORKSHEET
For The Month Ended October 31, 2017
Adjusted Trial Statement of
Trial Balance Adjustments Income Statement
Balance Financial Position
Account Titles Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 1.000 240000 240000 240000 240000 240000 240000 240000 240000 240000
Supplies 1.100
Prepaid Insurance 2.200
Equipment 24.000
Accum. Depreciation Equip. 4.500
Accounts Payable 2.400
Notes Payable 4.000
Share Capital Ordinary 5.300
Retained Earnings 10.000
Dividends 2.400
Service Revenue 4.900
Utilities Expense 400
Total 31.100 31.100
Supplies Expense
Insurance Expense
Depreciation Expense
Salaries / Wages Expense
Salaries / Wages Payable
Total
Net Income
Totals