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5. Stewie Co, has the following adjusted trial balance Stewie Co Adjusted Trial Balance December 31 2018 Debit S 50,000 40,500 Accounts Receivable Inventory Buildings

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5. Stewie Co, has the following adjusted trial balance Stewie Co Adjusted Trial Balance December 31 2018 Debit S 50,000 40,500 Accounts Receivable Inventory Buildings 100,000 30,000 20,000 Machinery and Equipment Accounts Payable Notes Payable Capital Stock (100,000 shares outstanding as of 12/31/18) Retained Earnings Sales Revenue Salaries Expense Insurance Expense S 37.400 150,000 76,000 480.750 6,000 20,000 290,900 Cost of Goods Sold Utilities Expense Income Tax Expense 20.350 S793,330 $793.330 1. 2. Prepare the necessary closing entries. Prepare balance sheet in good form for Stewie Co

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