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3) Use the updated general ledger balances to prepare the following 2019 financial statements for ACCT 201 Corporation Fill out lines with Account Names and
3) Use the updated general ledger balances to prepare the following 2019 financial statements for ACCT 201 Corporation Fill out lines with Account Names and fill in boxes with dollar amounts. Cr. Dr. 31,100 39,600 2,500 8,600 177,700 45,000 72,700 Cash Accounts Receivable Office Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Trucks Accumulated Depreciation - Trucks Accounts Payable Wages Payable Common Stock Dividends Retained Earnings Service Revenue Wages Expense Truck Expense Rent Expense Miscellaneous Expense Supplies Expense Insurance Expense Depreciation Expense - Equipment Depreciation Expense - Trucks 32,600 52,700 4,500 56,700 13,700 155,300 90,450 38,600 9,700 8,450 3,900 15,900 1,600 7,300 5,900 a) Income Statement ACCT 201 Corporation Income Statement For The Year Ended 12/31/2019 b) Statement of Retained Earnings ACCT 201 Corporation Statement of Retained Earnings For The Year Ended 12/31/2019 c) Balance sheet ACCT 201 Corporation Balance Sheet As of 12/31/2019 ASSETS LIABILITIES STOCKHOLDER'S EQUITY 4) After preparing the Financial Statements, prepare the Closing Journal Entries: DR CR a. b. C. 5) After preparing the Closing Journal Entries, prepare the Post-Closing Trial Balance: Type the names of the accounts needed in the spreadsheet to the right and the account balances of the left ACCT 201 Corporation Post-Closing Trial Balance December 31, 2019 Dr. Cr. Totals 0 0
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