A. Put your name and section number at the top of the worksheet under each tab. B. Record the adjustments in the adjustments columns on the worksheet; then complete the worksheet. Record the adjustments in the formatted journal entries at the bottom of the worksheet. Record the closing entries in the formatted journal entries below the adjusting entries on the worksheet. C. Prepare an Income Statement, including a proper heading, on the Income Statement Tab. D. Prepare a Statement of Owner's Equity, including a proper heading, on the Statement of Owner's Equity Tab. Assume the capital balance on the worksheet is the beginning balance for the period and that there are no additional investments. E. Prepare a Classified Balance Sheet, including a proper heading, on the Balance Sheet Tab. F. Prepare a Post Closing Trial Balance, including a proper heading, e on the Post-Closing Trial Balance Tab.

This should have all the information need as all you need for each step is a trial balance.

This textbook uses the two-journal entry format for preparing the closing entries, so you are required to complete the problem this way

March Company Worksheet For the month ended December 31, 2019 Adjustments Adjusted Trial Balance Income Statement Debit Credit Debit Credit Debit Credit Balance Sheet Debit Credit Tnal Balance Debit Credit 2.420 400 370 720 2,000 810 2.760 250 Cash Accounts Receivable Supplies Prepaid Insurance Office Equipment Accum Depr-Office Equip Accounts Payable A March, Capital A March, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Supplies Expense Insurance Expense Depreciation Expense-Once Equip Totals Net income or loss Totals 3,3001 220 250 2401 6,8701 6,870 Adjusting Entries: A Prepaid Insurance which has expired $120. B. Ending Supplies Inventory is $40. C. Fees earned but not yet received is $255. D. Depreciation on the Office Equipment for this year, $50 (c) Joumalize the adjusting entries using the worksheet as a basis. A B. C D (d) Journalize the closing entries using the worksheet as a basis. A B. NAME: Income Statement Fees Earned Expenses: Net Income NAME: Statement of Owner's Equity Balance Sheet INAME: Post-Closing Trial Balance