9.4 Dr. E. Santala, Dentist Exercises 1. Shown below is the completed work sheet for Dr. E. Santala of Cornwall, Ontario. In your Workbook, journalize the adjusting and closing entries for Dr. Santala. Work Sheet Year Ended Dec. 31, 20-4 TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET ACCOUNTS Bank Accounts Receivable Supplies DR 1306010 37490 - 10350- CR DR CR DR CR DR CR 1306010 37490 Prepaid Insurance 5906 07250- 4050- 3100- 1856- Equipment 6443417 6443417 Investment-Bonds 100000- 100000- Accounts Payable 3315 3315- 1050- GST Payable 1050- GST Recoverable 690 690- 20431577 E. Santala, Capital 20431577 E. Santala, Drawings 80000- 80000- Fees Earned 180374- 180374- Interest Earned 7500- 2500 10000- Bank Charges Expense 170- 170- Miscellaneous Expense 143650 143650 Rent Expense 30000- 30000- Telephone Expense 2759- 2759- Utilities Expense 2957-1 2957- Wages & Salaries Expense Supplies Expense 47302- 47302- 39655477 39655477 07250- 7250- Insurance Expense 4050 - 4050- 2500- 2500 Bond Interest Receivable Net Income 13800 13800-9592450 190374-303 130 27 20868077 94449 50 9444950 190374-190374-30313027 30313027