B C D H M Campbell's Painting Company Worksheet For the month ended December 31, 2017 Adjustments Adjusted Tral Bance Income Statement Debit Credit Debit Credit Debid Credit Balance Sheet Debit Credit Trial Balance Debit Credit 55.000 1,600 4,500 1,500 10,000 1,000 2,000 25,700 7 3 9 10 Cash 11 Accounts Receivable 12 Cleaning Supplies 13. Prepand Insurance 74 Ofice Equipment 15 Accum Dopr-Ofice Equip 16 Accounts Payable 17 Wages Payable 18 J Smith, Capital 19 J. Smith Drawing 20 Fees Earned 21 Wages Exponso 22 Rent Expense les Expense 24 Cleaning Supplies Expense 25 Insuranon Expense 26 Depreciation Expense-Onco Equip 27 Totals 28 Not income or loss 29 Total 30 2.300 85.000 30,000 4,700 4,100 113,700 113,700 30 31 Adjusting Entry information for December 31: 32 A Prepaid Insurance which has expired $400. 33 B. Ending Cleaning Supplies Inventory is $1,300 34 C. Fees earned but not yet received is $4,200. 35 D. Depreciation on the Office Equipment for this year, $350. 36 E. Wages accrued but not yet paid, $1,900. 37 38 (c) Journalize the adjusting entries using the worksheet as a basis. 39 Debit Credit 40 A 41 42 43 . 44 45 46 C 47 48 49 D 50 51 52 E 53 54 55 56 (d) Journalize the closing entries using the worksheet as a basis. 57 Debit Credit 58 A Instructions 1. Worksheet 2. Financial Statements 3. Post Closing Trial Balance Edit Type here to search o O O RI A B D E F H K 41 45 B 44 45 46 C. 47 48 49 D 50 51 52 E 53 54 55 56 (d) Journalize the closing entries using the worksheet as a basis 57 58 A 59 60 61 62 63 64 65 66 67 B 68 69 Instructions 1. Worksheet 2. Financial Statements Edit Debit Credit 3. Post Closing Trial Balance P M Income Statement Debit Credit N Balance Sheet Debit Credit A B C D F G 8 . Thal Balance 9 Adjustments Debit Adjusted Trial Balance Credit Debit Credit Debit Credit 10 Cash 55,000 11 Accounts Recenable 1,600 12 Cleaning Supplies 4,500 13 Prepaid Insurance 1,500 14 Office Equipment 10.000 15 Acum Depe Ofice Equip 1,000 16 Accounts Payable 2,000 17 Wages Payable 18 J Smith, Capital 25,700 19 J. Smith, Drawing 2,300 20 Fecs Earned 85 000 21 Wages Expense 30 000 22 Rent Expense 4,700 23 Utles Expense 4,100 24 Cleaning Supplies Expense 25 Insurance Expense 26 Depreciation Expense-Ofice Equip 27 Totals 113.700 113,700 28 Not income or loss 29 Totals 30 31 Adjusting Entry information for December 31: 32 A Prepard Insurance which has expired $400. 33 B Ending Cleaning Supplies triventory is $1,300 34 C Foes comod but not yet received is $4,200 35 D Depreciation on the Othce Equipment for this your $350 36 E Wages accrued but not yet paid $1,900 Instructions 1. Worksheet 2. Financial Statements 3. Post Cloung Tualance