CR Trial Balance for Honey Do Inc. as of December 31, 2020 Account # Account Name DR Cash 42,000 Accounts Receivable 6,000 Accrued Revenue 1,500 Inventory 1,200 Prepaid Expense 2,400 Equipment 40,000 Accumulated Depreciation Accounts Payable Accrued Expense Unearned Revenue Stock Retained Earnings Dividends 1,400 Revenue Expenses 26,300 2,400 5,100 1,700 3,600 40,000 18,000 50,000 TOTAL 120,800 120,800 17) Prepare Financial Statements for Honey Do Inc. as of December 31, 2020 Income Statement for Honey Do Inc. for the 12 months ending December 31, 2020 Statement of Retained Earnings for Honey Do Inc. for the 12 months ending December 31, 2020 Closing Journal Entries continued Balance Sheet for Honey Do Inc. as of December 31, 2020 18) Prepare the Closing Journal Entries for Honey Do Inc. to prepare for the start of business on January 1, 2021