Aaron Patton owns and operates Patton's Bait Shop and Boat Rental. A year-end trial balance is shown 542.

 

Year-end adjustment data for Patton's Bait Shop and Boat Rental are as follows:

a. A physical count shows that merchandise inventory costing $15,000 is on hand as of December 31, 20--.

b. Supplies remaining at the end of the year, $200.

c. Unexpired insurance on December 31, $300.

d. Depreciation expense on the building for 20--, $2,000.

e. Depreciation expense on the store equipment for 20--, $1,500.

f. Wages earned but not paid as of December 31, $225.

g. Unearned boat rental revenue as of December 31, $1,000.

1. Prepare a year-end work sheet.