
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Preparing a Worksheet and Closing entries
Cynthia Elmer, CPA, had the following partial worksheet:
Requirements
- Complete the Worksheet.
- Prepare the closing entries for Cynthia Elmer, CPA.

Transcribed Image Text:к
CYNTHIA ELMER, CPA
Woksheet
Decemter 31, 2018
Uradjusted Trial Balance
Adjustments
Adjusted Trial Balane
Credk
Aicount Names
Income Statement
Balanc Sheet
Debit
Crodit
Debit
Credt
Debit
Debit
Crodit
Debit
Credit
7 Cash
Accounts Rereivable
- Office Supplies
O Prepaid Rent
Land
5 46, 900
$ 45,900
9.600
(n) 1 1,700
13,300
800
500 (h)
300
8,000
3.300 (a)
4,700
35,000
35,000
125,000
Building
Accumulatec Depreciation-uilding
Furniture
Accumulated Depredation-Fumiture
Accounts Payable
Utilities Payable
123,000
1,150 (c)
1,150
28,000
23,000
2,000 (d)
2300
$ 3,500
3,500
710
710
a Salaries Payable
Interest Payable
Unearned Revenue
Notes Payable
4,200 0
4,200
500 (g)
500
5.000 le)
1.300
3,700
15,000
15,000
Common Stock
118,000
118,00
Retained Eamings
118,090
118,090
Dividends
29,c00
21,000
Service Keverue
Rent Expense
Sal aries Experse
Suppies Experse
Ulties Espe se
Depreciation Expense-Building
95,000
5,000 (e,h)
100,000
20,000
28,000
(a)
3,300
21,300
4,200
31,200
(b)
500
500
5,000
25,000
(c)
1,150
150
Depreciation Expense Furniture
(d)
2,000
2000
Interest Exparse
(a)
500
500
Total
coc'sses
3 333,300
5 10,630 10,610
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