Financial statements and closing entries Obj. 1, 2, 3 Beacons Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the end of the fiscal year:

Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accum. Depr.—Building Equipment Accum. Depr.—Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Rent Revenue Salaries & Wages Expense Advertising Expense Utilities Expense Depr. Exp.—Building Repairs Expense Depr. Exp.—Equipment Insurance Expense Supplies Expense Misc. Expense Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 20Y5 Unadjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr.

Adjusted 10,800 38,900 4,200 2,730 98,000 400,000 101,000 10,000 158,100 21,700 16,400 8,850 4,320 205,300 85,100 15,700 2,100 75,000 128,100 363,700 9,100 1,100 5,000 12,000 4,800 3,150 2,180 37,330 3,150 2,180 12,000 4,800 5,000 9,100 1,100 37,330 10,800 48,000 1,050 550 98,000 400,000 101,000 10,000 163,100 21,700 16,400 12,000 8,850 4,800 3,150 2,180 4,320 905,900 217,300 89,900 15,700 5,000 1,000 75,000 128,100 372,800 1,100 905,900.

AppendixLO1