Catherine Elliot, CPA, had the following partial worksheet: E: (Click the icon to view the partial worksheet.) Read the requirements. Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Catherine Elliot, CPA Worksheet December 31, 2018 Income Balance Adjusted Trial Balance Statement Sheet Account Names Debit Credit Debit Credit Debit Credit Cash $ 46,100 12,000 Accounts Receivable Office Supplies 700 Prepaid Rent 7,600 Land 26,000 140,000 550 24,000 Building Accumulated Depreciation-Building Furniture Accumulated Depreciation Furniture Accounts Payable Utilities Payable Salaries Payable 1,300 4,800 500 4,100 Catherine Elliot, CPA, had the following partial worksheet: E: (Click the icon to view the partial worksheet.) Read the requirements. . - . 4,800 500 Accounts Payable Utilities Payable Salaries Payable Interest Payable Unearned Revenue 4,100 700 6,900 Notes Payable 25,000 Common Stock 115,000 116,400 Retained Earnings Dividends 28,000 Service Revenue 103,400 29,400 Rent Expense Salaries Expense 42,100 200 20,000 Supplies Expense Utilities Expense Depreciation ExpenseBuilding Depreciation ExpenseFurniture Interest Expense 550 1,300 700 Total 378,650 378,650 $ Net income or loss Catherine Elliot, CPA, had the following partial worksheet: E (Click the icon to view the partial worksheet.) Read the requirements. Requirement 2. Prepare the closing entries for Catherine Elliot, CPA. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (1) Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (2) Close Income Summary Catherine Elliot, CPA, had the following partial worksheet: E: (Click the icon to view the partial worksheet.) Read the requirements . Close Income Summary. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (3) Close Dividends. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (4) Data table A B C D D E F F G H H K L M 1 Catherine Elliot, CPA 21 Worksheet 3 December 31, 2018 4 Unadjusted Trial Balance Adjustments 5 Account Names Debit Credit Debit Credit Adjusted Trial Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit $ $ 46,100 6 Cash $ $ 46,100 7 Accounts Receivable 8,700 (h) | $ 3,300 12,000 900 (b) $ 200 700 8 Office Supplies 9 Prepaid Rent 11,000 a (a) 3,400 7,600 10 Land 26,000 26,000 140,000 140,000 11 Building Accumulated Depreciation- 12 Building (c) 550 $ 550 24,000 24,000 13 Furniture Accumulated Depreciation- 14 Furniture (d) 1,300 1,300 $ 4,800 4,800 15 Accounts Payable 16 Utilities Payable 500 500 Print Done 1 ..... Data table 500 500 16 Utilities Payable 17 Salaries Payable 18 Interest Payable (1) 4,100 4,100 700 (g) 700 19 Unearned Revenue 8,000|| (e) 1,100 6,900 25,000 25,000 20 Notes Payable 21 Common Stock 22 Retained Earnings 115,000 115,000 116,400 116,400 23 Dividends 28,000 28,000 24 Service Revenue (e, h) 99,000 4,400 103,400 25 Rent Expense 26,000 (a) 3,400 29,400 38,000 (f) 4,100 42,100 (b) 200 200 20,000 20,000 26 Salaries Expense 27 Supplies Expense 28 Utilities Expense Depreciation Expense- 29 Building Depreciation Expense- 30 Furniture (c) 550 550 (d) 1,300 700 (9) $ 14,650 1,300 700 31 Interest Expense $ 368,700 $ 368,700 $ 14,650 $ 378,650 $ 378,650 32 Total Print Done