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1. Complete the worksheet. Adjusted Trial Balance Income Statement Balance Sheet and Statement of Own Equity Account Debit Credit Debit Credit Debit Credit Cash 95,600

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1. Complete the worksheet.
Adjusted Trial Balance Income Statement Balance Sheet and Statement of Own Equity
Account
Debit Credit Debit Credit Debit Credit
Cash 95,600
Notes receivable (current) 50,000
Prepaid Insurance 16,000
Prepaid Rent 4,000
Equipment 170,000
Accumulated depreciation-equip 57,000
Accounts Payable 52,000
Long-term notes payable 63,000
C. Trout, Capital 178,500
C Trout, Withdrawals 30,000
Repair Service Revenue 180,800
Interest Revenue 7,500
Depreciation Expense - Equipment 28,500
Wages Expense 85,000
Rent Expense 48,000
Insurance Expense 6,000
Interest Expense 5,700
Totals: 538,800 538,800
Net Income
TOTALS:
2. Closing Entries
Date Account Title DR CR
(3.). Income Summary C.Trout, Capital
(4)..
(5..) Midtown Repair Company
Balance Sheet
31--15
ASSETS
Current Assets
Total Current Assets
Plant Assets
Total Plant Assets
TOTAL ASSETS:
LIABILITIES
Current Liabilities
Long-term liabilities
TOTAL LIABILITIES
EQUITY
TOTAL LIABILITIES AND EQUITY
1. Complete the worksheet. Balance Sheet and Statement of Own Equit Adjusted Trial Balance Income Statement Account Debit Credit Debit Credit Debit Credit 95,600 50,000 16,000 4,000 170,000 Cash Notes receivable (current Prepaid Insurance Prepaid Rent Equipment Accumulated depreciation-equip Accounts Payable Long-term notes payable C. Trout, Capital C Trout, Withdrawals Repair Service Revenue Interest Revenue Depreciation Expense - Equipment Wages Expense Rent Expense Insurance Expense Interest Expense Totals Net Income TOTALS: 57,000 52,000 63,000 178,500 30,000 180,800 7,500 28,500 85,000 48,000 6,000 5,700 538,800 538,800 2. Closing Entries Date Account Title DR CR

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