Steps in preparation of the worksheet Work Sheet Balance sheet and Unadjusted Trial Balance Adjus tments Adjusted Trial Balance Income State me nt State me nt of Owner's 171000 Pre paid Expe Accumulated De pre ciation Step 1: Une armed Revenue 50000 Enter the accounts and unadjusted trial balance Cost of sales total 636000636000 Task Team of fundamentalaccounting Business sehool. Sun Yaf sen University 77 Steps in preparation of the worksheet Account Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Cash 171000 Short-term investment 100000 Accounts Receivable 36000 Interest receivable Prepaid Expense 20000 Inventory 20000 Plant and Equipmemt 250000 Accumulated Depreciation Accounts Payable 50000 Wages payable Unearned Revenue 50000 Paid Capital 500000 Sales Revenue 36000 Interest Revenue Cost of Sales 30000 Operating expenses 9000 total 636000 636000 Smith Inc. Work Sheet For Year ended Dec.31 2004 Balance Sheet and Statement of Owner's Equity Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Step 1: Enter the accounts and unadjusted trial balance