Using the ledger balances and additional data provided, do the following for Meyer Lumber of Hinton for the year ended December 31, 2022:
a. Prepare the worksheet.
b. Prepare the income statement, statement of owner’s equity, and balance sheet.
c. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.)
d. Prepare a post-closing trial balance.
e. Journalize the reversing entry for wages.

Additional Data (for Problem P8-5A)
a. Physical count of inventory, December 31 $4,420.
b. Lumber supplies on hand, December 31 110.
c. Insurance expired 120.
d. Depreciation for the year 300.
e. Accrued wages on December 31 125.

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Additional Data (for Problem P8-5 A) Account No. 110 111 112 113 114 121 122 220 221 330 331 332 440 441 550 660 661 662 663 664 665 Cash Accounts Receivable Merchandise Inventory Lumber Supplies Prepaid Insurance Lumber Equipment Accumulated Depreciation, Lumber Equipment Accounts Payable Accrued Wages L. Meyer, Capital L. Meyer, Withdrawals Income Summary Sales Sales Returns and Allowances Cost of Goods Sold Wages Expense Advertising Expense Rent Expense Depreciation Expense, Lumber Equipment Lumber Supplies Expense Insurance Expense $ 1,680 960 4,550 269 218 3,000 490 1,160 7,352 3,000 22,800 200 14,215 2,480 400 830 T