Cengage xCengageNOWv2 | Online teachin x b My Questions | bartleby ← → C â https://v2.cengagenow.com/rn/takeAssignment takeAssignmentMain doinvoker-assignments&takeAssignmentSessionLocator-assignment take&in. Ch 4-3 Exercises & Problems eBook Show Me Hovw Calculator Print Itemm Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Statement of Owner's Equity Balance Sheet Journal Statement of Owner's Equi Income Statement For the Year Ended December 31, 2019 1 Revenues: 2Fees earned 3 Rent revenue S401,200.00 1,300.00 Total revenues S402,500.00 5 Expenses: 6 s and wages expense 7 Advertising expense 8 Utiities expense 9 Depreciation expense-building 10 Repars expense 11 Depreciation expense-equipment 12 Insurance expense 13 Supplies 14 Miscellaneous expense 15 Net income $168,000.00 21,700.00 11,400.00 9,000.00 8,850.00 4,500.00 3,000.00 2,250.00 230,800.00 169,450.00 Check My Work 2 more Check My Work uses remaining Previous Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading
Beacon Signals Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacon Signals Company prepared the following end-ofperiod spreadsheet at December 31, 2019, the end of the fiscal year:
Beacon Signals Company
End-of-Period Spreadsheet
For the Year Ended December 31, 2019
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 13,000.00 13,000.00
Accounts Receivable 40,500.00 (a) 12,500.00 53,000.00
Prepaid Insurance 4,200.00 (b) 3,000.00 1,200.00
Supplies 3,000.00 (c) 2,250.00 750.00
Land 98,000.00 98,000.00
Building 500,000.00 500,000.00
Accumulated Depreciation-Building 255,300.00 (d) 9,000.00 264,300.00
Equipment 121,900.00 121,900.00
Accumulated Depreciation-Equipment 100,100.00 (e) 4,500.00 104,600.00
Accounts Payable 15,700.00 15,700.00
Salaries and Wages Payable (f) 4,900.00 4,900.00
Unearned Rent 2,100.00 (g) 1,300.00 800.00
Sarah Colin, Capital 238,100.00 238,100.00
Sarah Colin, Drawing 10,000.00 10,000.00
Fees Earned 388,700.00 (a) 12,500.00 401,200.00
Rent Revenue (g) 1,300.00 1,300.00
Salaries and Wages Expense 163,100.00 (f) 4,900.00 168,000.00
Advertising Expense 21,700.00 21,700.00
Utilities Expense 11,400.00 11,400.00
Depreciation Expense-Building (d) 9,000.00 9,000.00
Repairs Expense 8,850.00 8,850.00
Depreciation Expense-Equipment (e) 4,500.00 4,500.00
Insurance Expense (b) 3,000.00 3,000.00
Supplies Expense (c) 2,250.00 2,250.00
Miscellaneous Expense 4,350.00 4,350.00
1,000,000.00 1,000,000.00 37,450.00 37,450.00 1,030,900.00 1,030,900.00
Required:
5. Prepare a post-closing trial balance.
I attached a picture of the income statement portion of the question which is already completed with the values I got
Cengage xCengageNOWv2 | Online teachin x b My Questions | bartleby ← → C â https://v2.cengagenow.com/rn/takeAssignment takeAssignmentMain doinvoker-assignments&takeAssignmentSessionLocator-assignment take&in. Ch 4-3 Exercises & Problems eBook Show Me Hovw Calculator Print Itemm Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Statement of Owner's Equity Balance Sheet Journal Statement of Owner's Equi Income Statement For the Year Ended December 31, 2019 1 Revenues: 2Fees earned 3 Rent revenue S401,200.00 1,300.00 Total revenues S402,500.00 5 Expenses: 6 s and wages expense 7 Advertising expense 8 Utiities expense 9 Depreciation expense-building 10 Repars expense 11 Depreciation expense-equipment 12 Insurance expense 13 Supplies 14 Miscellaneous expense 15 Net income $168,000.00 21,700.00 11,400.00 9,000.00 8,850.00 4,500.00 3,000.00 2,250.00 230,800.00 169,450.00 Check My Work 2 more Check My Work uses remaining Previous Assignment Score: 50% All work saved Email InstructorSave and Exit Submit Assignment for Grading
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