1. Complete the worksheet for San MarcosSan Marcos Veterinary Hospital.

Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.

San Marcos Veterinary Hospital

Worksheet

December 31, 2018

	Adjusted		Income
	Trial Balance		Statement
Account Names	Debit	Credit	Debit	Credit
Cash	$29,300
Accounts Receivable	11,100
Office Supplies	1,150
Prepaid Rent	4,100
Equipment	26,000
Accumulated Depreciation?Equipment		$1,600
Accounts Payable		3,600
Utilities Payable		280
Salaries Payable		1,475
Unearned Revenue		10,400
Common Stock		34,000
Retained Earnings		39,620
Dividends	18,000
Service Revenue		47,900
Rent Expense	22,900
Salaries Expense	12,475
Supplies Expense	250
Utilities Expense	12,000
Depreciation Expense?Equipment	1,600
Total	$ 138,875	$ 138,875
	Net income or loss

Balance
Sheet
Debit	Credit

2. Prepare the closing entries. ?(Record debits? first, then credits. Select the explanation on the last line of the journal entry? table.) Start by closing revenues.

Date	Accounts and Explanation	Debit	Credit
Dec. 31
Clos. (1)

Close expenses for the period.

Date	Accounts and Explanation	Debit	Credit
Dec. 31
Clos. (2)

Close Income Summary.

Date	Accounts and Explanation	Debit	Credit
Dec. 31
Clos. (3)

Close Dividends.

Date	Accounts and Explanation	Debit
Dec. 31
Clos. (4)

3. Prepare a post-closing trial balance.

Account Names Cash Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation- Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Total Unadjusted Trial Balance Debit Credit $ 29,300 9,800 1,400 5,000 26,000 18,000 22,000 11,000 12,000 $ $ 134,500 $ 3,600 280 45,000 San Marcos Veterinary Hospital Worksheet December 31, 2018 12,000 (d) 34,000 39,620 134,500 (f) $ 1,300 (a) (e) (b) Adjustments (c) Debit 1,600 900 1,475 250 1,600 $ 7,125 Credit (b) $ (a) (c) (e) (d, f) 250 900 1,600 1,475 2,900 Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit $ 29,300 11,100 1,150 4,100 26,000 18,000 60 $ 1,600 3,600 280 1,475 10,400 34,000 39,620 47,900 22,900 12,475 250 12,000 1,600 $ 7,125 $ 138,875 $ 138,875