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The ledger of Terrel Company includes the following unadjusted normal balances: Prepaid Rent $800, Serv ices Revenue $11,600, and Wages Expense $5,000. Adjusting entries are required for (a) accrued rent expense $240; (b) accrued services revenue $180; and (c) accrued wages expense $160. Enter these unadjusted balances and the necessary adjustments on a work sheet and complete the work sheet for these accounts. Also include the following accounts: Accounts Receivable, Wages Payable, and Rent Expense.
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