610 711 722 726 905 AU Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals 6.000 4,000 39,000 1,000 160,600 160.600 Net Income (22.500 Current assets 38.900 Current liabilities 16600 Frustracions (a) Complete the worksheet by extending the balances to the financial statement columns (b) Prepare an income statement, a retained camnings statement, and a classified stato ment of financial position (amounts in British pounds). (Note: 5,000 of the notes (c) Prepare the closing entries. Use J14 for the journal page. (a) Post the closing entries. Use the three-column form of account. Income Summary is (e) Prepare a post-closing trial balance. P4-3A The completed financial statement columns of the worksheet for Rahim Company, Ltd. are as follows. RAHIM COMPANY, LTD. Worksheet For the Year Ended December 31, 2017 account No. 350. le) Postclosing trial balance 584.900 Mwill statement ingenting and poss ay tabla (L01, 2, 3, 6) Statement of Income Financial Statement Position Account Account Titles Dr. No. Cr. Dr. Cr. 101 Cash 6,200 112 Accounts Receivable 7,500 130 Prepaid Insurance 600 157 Equipment 33,000 158 Accumulated Depreciation-Equip. 9,900 201 Accounts Payable 10,700 212 Salaries and Wages Payable 3,000 311 Share Capital-Ordinary 20,000 320 Retained Earnings 9,700 332 Dividends 4,000 400 Service Revenue 47,000 622 Maintenance and Repairs Expense 4,100 711 Depreciation Expense 3,300 722 Insurance Expense 2,400 726 Salaries and Wages Expense 35,200 732 Utilities Expense 4,000 Totals 49,000 47,000 Net Loss 51,300 53,300 2,000 2,000 49,000 49,000 53,300 53,300