The adjusted trial balance columns of the worksheet for Eagle Company, owned by Jeff Spiegel, are as follows.

Instructions

(a) Complete the worksheet by extending the balances to the financial statement columns.

(b) Prepare an income statement, a retained earnings statement, and a classified balance sheet. (Note: $3,000 of the notes payable become due in 2015.)

(c) Prepare the closing entries. Use J14 for the journal page.

(d) Post the closing entries. Use the three-column form of account. Income Summary is No. 350.

(e) Prepare a post-closing trial balance.

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Account No. 101 112 126 130 151 152 200 201 212 230 311 320 332 400 610 631 711 722 726 905 Eagle Company Worksheet For the Year Ended December 31, 2014 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Common Stock Retained Earnings Dividends Service Revenue Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals Adjusted Trial Balance Dr. Cr. 5,300 10,800 1,500 2,000 27,000 5,600 15,000 4,600 2,400 600 10,000 4,200 5,000 8,400 4,000 5,600 3,200 28,000 600 101,400 101,400 59,000