Data Table San Antonio Veterinary Hospital completed the following worksheet as of December 31, 2018. (Click the icon to view the partial worksheet.) Read the requirements. San Antonio Veterinary Hospital Worksheet Adjusted Income Trial Balance Statement December 31, 2018 Account Names Debit Credit Debit Credit Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Cash $ 32,700 Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Accounts Receivable 10,400 Cash $ 32,700 $ 32.700 500 Accounts Receivable 9,700 (1) $ 700 10,400 6,150 1,000 (b) $ 500 500 23,000 7,000 (a) 850 6,150 $ 2,000 23,000 23.000 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Office Supplies Prepaid Rent Equipment Accumulated DepreciationEquipment Accounts Payable Utilities Payable 3,900 (c) 2,000 $ 2,000 3,900 240 $ 3,900 975 240 240 10,900 Salaries Payable (e) 975 975 Common Stock 35,000 1,100 10,900 Unearned Revenue Common Stock 12,000 || (d) 35,000 Retained Earnings 67,260 35,000 67,260 Dividends 26,000 Retained Earnings 67,260 Service Revenue 29,800 Dividends 26,000 26,000 25,850 Service Revenue 28,000 (d, f) 1,800 29,800 14,975 Rent Expense 25,000 (a) 850 25,850 Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment 500 14,000 (e) 975 14,975 8,000 (b) 500 500 2,000 Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Total 8,000 8,000 2,000 $ 150,075 $ 150,075 (c) 2,000 Total $ 146,400 $ 146,400 $ 6,125 $ 6,125$ 150,075 $ 150,075 Net income or loss Enter any number in the edit fields and then click Check Answer. Print Done ? parts remaining Clear All Check Answer On December 1, Henry Watson began an auto repair shop, Watson's Quality Automotive. The following transactions occurred during December: (Click the icon to view the transactions.) The business uses the following accounts: A (Click the icon to view the accounts.) Adjustment data: (Click the icon to view the adjusting data.) Read the requirements. More Info Requirement 1. Prepare the journal entries, and post to the T-accounts. Begin by preparing the journal entries for the December transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Dec. 1: Watson contributed $63,000 cash to the business in exchange for shares of common stock. Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Equipment; Accumulated Depreciation-Equipment; Accounts Payable; Utilities Payable; Interest Payable; Unearned Revenue; Notes Payable; Common Stock; Retained Earnings; Dividends; Income Summary; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense; Advertising Expense; Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense-Equipment. Date Accounts and Explanation Debit Credit More Info Dec. 1 Dec. 1 Print Done 1 1 9 More Info Watson contributed $63,000 cash to the business in exchange for shares of common stock. Purchased $10,800 of equipment paying cash. Paid $4,800 for a twelve-month insurance policy starting on December 1. Paid $16,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $2,000. 19 Borrowed $28,000 from the bank for business use. Watson signed a note payable to the bank in the name of the corporation. The note is due in five years. 22 Paid $900 for advertising expenses. 26 Paid $1,100 on account. 28 The business received a bill for utilities to be paid in January, $200. 31 Revenues earned during the month included $14,500 cash and $4,000 on account 31 Paid employees' salaries $3,000 and building rent $700. Record as a compound entry. 31 The business received $1,270 for auto screening services to be performed next month. 31 Paid cash dividends of $5,000 to stockholders. a. Office Supplies used during the month, $1,000. b. Depreciation for the month, $180. c. One month insurance has expired. d. Accrued Interest Expense, $75. Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 31 Pemaining Clear All Check