From the ledger balances and additional data given, do the following for Cross Lumber for the year ended December 31, 201X.
1. Prepare the worksheet.
2. Prepare the income statement, statement of owner€™s equity, and balance sheet.
3. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.)
4. Prepare a post-closing trial balance.
5. Journalize the reversing entry for wages accrued.

Additional Data
a./b. Merchandise inventory, December 31 ..... $4,700
c. Lumber supplies on hand, December 31 ..... 75
d. Insurance expired ................ 120
e. Depreciation for the year ............ 210
f. Accrued wages on December 31 ......... 135

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Account Balances of Cross Lumber Acct. No. 1,300 1,280 4,300 267 209 3,300 530 1,200 110 Cash 111 Accounts Receivable 112 Merchandise Inventory 113 umber Supplies 114 Prepaid Insurance 121 Lumber Equipment 122 Acc. Dep., Lumber Equipment 220 Accounts Payable 221 Wages Payable 330 J. Cross, Capital 331 J. Cross, Withdrawals 332 Income Summary 440 Sales 441 Sales Returns and Allowances 550 Purchases 551 Purchases Discount 552 Purchases Returns and Allowances 660 Wages Expense 661 Advertising Expense 662 Rent Expense 663 Dep. Exp., Lumber Equipment 664 Lumber Supplies Expense 665 Insurance Expense 5,761 2,700 23,200 230 14,500 325 340 2,120 370 780