From the worksheet in Exercise E8-4A, prepare the assets section of a classified balance sheet.

E8-4A. From the following partial worksheet, journalize the closing entries of December 31 for A. Slow Co.

Transcribed Image Text:

Account Titles Cash Inventory Prepaid Advertising Prepaid Insurance Office Equipment Accum. Dep'n., Office Equip. Accounts Payable A. Slow, Capital Sales Sales Retums and Allowances Sales Discounts Cost of Goods Sold Salaries Expense Insurance Expense Utilities Expense Plumbing Expense Advertising Expense Dep'n. Expense, Office Equip. Accrued Salaries Net Income A. SLOW CO. WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2022 Balance Sheet Income Statement Dr. 22300 10800 254300 108300 69600 4800 5700 1500 3000 - Cr. 480300 552000 71700 552000 FA 552000 552000 Dr. 193 00 36200 56100 3000 108000 222600 222600 N IN a Cr. 21000 25800 966 00 75 00 1509 00 71700 222600 FRE