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1) (10 Points) Wilson Engraving just completed operations for the year ending December 31,2018. Accounts from the adjusted trial balance dated Dec 31, 2018 are
1) (10 Points) Wilson Engraving just completed operations for the year ending December 31,2018. Accounts from the adjusted trial balance dated Dec 31, 2018 are listed in alphabetical order below: Wilson Engraving Adjusted Trial Balance 31-Dec-18 Account Titis Cash Accounts Receivable Prepaid Insurance Office Supplies Equipment Mccumularea Dasri-istian-Famisai Accounts Payable Salaries Payable Uncarncd Revenue Wilson, Cpital December 31, 2017 Wilson, Withdrawals Service Revenue Salaries Expense Insurance Expense Office Supplies Expense Depreciation Expense-Equipment Utilities Expenses Total Balance Debit Credit 25,000 16,000 10,000 4,000 65,000 32,000 15,000 5,000 8,000 42,000 5,000 50,000 13,000 4,000 1,000 5,000 4,000 152.000 152.000 Requirements 1) Prepare the income statement statement of owner's equity and balance sheet. There were no new capital contributions during the year. 2)Prepare closing entries
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