Calculator Print Item eBook Show Me How Financial statements and closing entries A AL Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Journal Balance Sheet Statement of Stockholders' Equity Post-Closing Trial Balance Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Cr. Dr. Dr. Cr. Dr. Cr. Account Title Cash 10,800.00 10,800.00 38,900.00 Accounts Receivable (a) 9,100.00 48,000.00 4,200.00 Prepaid Insurance (b) 3,150.00 1,050.00 2,730.00 (c) 2.180.00 Supplies 550.00 98,000.00 Land 98,000.00 Building 400,000.00 400,000.00 205,300.00 Accumulated Depreciation-Building 217,300.00 (d) 12,000.00 Equipment 101,000.00 101,000.00 85,100.00 Accumulated Depreciation-Equipment (0) 4,800.00 89,900.00 Previous heck My Work 10 more Check My Work uses remaining. Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Equipment 101,000.00 101,000.00 Accumulated Depreciation Equipment 85,100.00 (e) 4,800.00 89,900.00 Accounts Payable 15,700.00 15,700.00 Salaries and Wages Payable (1) 5,000.00 5,000.00 Unearned Rent 2,100.00 (g) 1,100.00 1,000.00 Common Stock 75,000.00 75,000.00 Retained Earnings 128,100.00 128,100.00 Dividends 10,000.00 10,000.00 Fees Earned 363,700.00 (a) 9,100.00 372,800.00 Rent Revenue (g) 1,100.00 1,100.00 Salaries and Wages Expense 158,100.00 (1) 5,000.00 163,100.00 Advertising Expense 21.700.00 21.700.00 Utilities Expense 16,400.00 16,400.00 Depreciation Expense-Build (d) 12,000.00 12,000.00 Repairs Expense 8,850.00 8,850.00 * My Work 10 more Check My Work uses remaininn Do Apple Disney ESPN Yahoo Principles of Norton Ebook Netflix My orders My Easy P. Want to know How to... How to Get Free Shipp... define depreciation. CengageNOWV2 Onli... Essaye eBook Show Me How Calculator Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Depreciation Expense-Equipment (e) 4,800.00 4,800.00 Insurance Expense (b) 3,150.00 3,150.00 Supplies Expense (c) 2,180.00 2,180.00 Miscellaneous Expense 4,320.00 4,320.00 875,000.00 875,000.00 37,330.00 37,330.00 905,900.00 905,900.00 Required: 1. Prepare an income statement for the year ended December 31, 2015. W a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons() on the income statement 2. Prepare a statement of stockholders' equity for the year ended December 31, 2015. During the year, common stock of $25,000 was issued. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles. 3. Prepare a balance sheet as of December 31, 2045. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Instructions Chart of Accounts Labels and Amount Descriptions Income Statement H Instructions Supplies Expense (c) 2.180.00 2,180.00 Miscellaneous Expense 4,320.00 4,320.00 875,000.00 875,000.00 37.330.00 37,330.00 905,900.00 905,500.00 Required: 1. Prepare an income statement for the year ended December 31, 2015.a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not need to enter colons() on the income statement 2. Prepare a statement of stockholders' equity for the year ended December 31, 20Y5. During the year, common stock of $25,000 was issued. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of accountitles. 3. Prepare a balance sheet as of December 31, 20Y5. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account files. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Bused upon the end of period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles. 5. Prepare a post-closing trial balance. Check My Work 10 more Check My Work uses remaining. Previous All work saved. Save and Exit Submit Assig