Cadence Elliot, CPA, had the following partial worksheet:

Requirements
1. Complete the worksheet.
2. Prepare the closing entries for Cadence Elliot, CPA.

Transcribed Image Text:

CADENCE ELLIOT, CPA Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit DebitCredit Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent Furniture Accumulated Depreciation Furniture Building Accumulated Depreciation- Building Land Accounts Payable Utilities Payable Salaries Payable Interest Pavable Unearned Revenuse Notes Payable Common Stock Retained Earnings Dividends envice Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Furniture Depreciation Expense Building Interest Expense Total $ 45,500 9,300 700 10,000 27,000 45,500 13.700 100 7.300 27,000 h) S 4,400 600 (b) 2,700 (a) 1,400 (c) 850 (d) $ 1,400 15,000 15.000 850 25,000 25,000 5,200 500 4,000 900 1,600 22,000 110,000 00,800 5,200 500 4,000 ( 900 (g) 2,000 (e) 22,000 110,000 100,800 400 30,000 30,000 98,000 4,800 e,h) 102,800 25,000 32,000 () 2,700 ( 4,000 600 27,700 36,000 600 19,000 1.400 850 900 19,000 () 1400 850 900 S 338,500338,500 S 15,250 S 15,250 $ 350,050 350,050