Complete the Worksheet. Prepare the Classified Balance Sheet. Journalize the adjusting and closing entries. Additional Information...

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Complete the Worksheet. Prepare the Classified Balance Sheet. Journalize the adjusting and closing entries. Additional Information 1. The supplies inventory at December 31, 20-1 is $225 2. The prepaid insurance schedule shows a value of $335 for prepaid insurance. 3. Late-arriving purchase invoices pertaining to the 20-1 fiscal period were for: Truck Expense Telephone Expense Total $125 95 $220 *For simplicity we are going to ignore any HST on the above invoices. BAF3M1 Practice Assignment Work Sheet TLC Ltd. Year Ended Dec. 31, 20-1 Accounts Trial Balance Adjustment Income Statement DR CR DR CR DR CR Bank 3,800 Supplies Accounts Receivable Prepaid Insurance Land Building Automobile 10,900 500 1,000 75,000 93,175 13,330 HST Payable HST Recoverable 2,300 1,400 Accounts Payable Bank Loan (3 year) Mortgage Payable 400 100,000 25,000 W. White, Capital 131.105 W. White. Drawings 27,000 Commissions Revenue 96,600 Rent Expense 27,500 Telephone Expense 1,800 Truck Expense 5,000 Wages Expense 95,000 355,405 355,405 Balance Sheet DR CR 3.5 practice assignment (4).p... Q 104% DATE GENERAL JOURNAL PARTICULARS PR DEBIT 3 / 4 5 Page CREDIT A 3 US Nov 9 2:36 Complete the Worksheet. Prepare the Classified Balance Sheet. Journalize the adjusting and closing entries. Additional Information 1. The supplies inventory at December 31, 20-1 is $225 2. The prepaid insurance schedule shows a value of $335 for prepaid insurance. 3. Late-arriving purchase invoices pertaining to the 20-1 fiscal period were for: Truck Expense Telephone Expense Total $125 95 $220 *For simplicity we are going to ignore any HST on the above invoices. BAF3M1 Practice Assignment Work Sheet TLC Ltd. Year Ended Dec. 31, 20-1 Accounts Trial Balance Adjustment Income Statement DR CR DR CR DR CR Bank 3,800 Supplies Accounts Receivable Prepaid Insurance Land Building Automobile 10,900 500 1,000 75,000 93,175 13,330 HST Payable HST Recoverable 2,300 1,400 Accounts Payable Bank Loan (3 year) Mortgage Payable 400 100,000 25,000 W. White, Capital 131.105 W. White. Drawings 27,000 Commissions Revenue 96,600 Rent Expense 27,500 Telephone Expense 1,800 Truck Expense 5,000 Wages Expense 95,000 355,405 355,405 Balance Sheet DR CR 3.5 practice assignment (4).p... Q 104% DATE GENERAL JOURNAL PARTICULARS PR DEBIT 3 / 4 5 Page CREDIT A 3 US Nov 9 2:36