Exercise 4-5 (Part Level Submission) The adjustments columns of the worksheet for Misra Company are shown below. Adjustments Account Titles Debit Credit Accounts Receiva ble Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue 901 226 922 511 901 Salaries and Wages Expense 511 226 Insurance Expense Depreciation Expense 922 2,560 2,560 (a) Prepare adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record service revenue on account.) (To record expired insurance.) (To record depreciation.) (To record accrued salaries.) Exercise 4-8 (Part Level Submission) Plevin Company ended its fiscal year on July 31, 2015. The company's adjusted trial balance as of the end of its fiscal year is as shown below. PLEVIN COMPANY Adjusted Trial Balance July 31, 2015 AcCount Titles Debit Credit No. Cash $9,956 101 112 Accounts Receiva ble 8,739 Equipment Accumulated Depreciation-Equip. Accounts Paya ble 16,067 157 $7,827 158 201 4,285 Unearned Rent Revenue 208 1,897 Common Stock 311 21,029 Retained Earnings 26,782 320 Dividends 332 15,730 400 Service Revenue 63,594 429 6,063 Rent Revenue Depreciation Expense Salaries and Wages Expense 711 9,447 726 56,418 Utilities Expense 15,120 732 $131,477 $131,477 To tal (a) Prepare the clo sing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts.) July 31 To dose expense accounts.) July 31 (To dose net income / (loss).) July 31 (To dose dividends.) Exercise 4-9 (Part Level Submission) The adjusted trial balance for Plevin Company. PLEVIN COMPANY Adjusted Trial Balance July 31, 2015 Account Titles Credit Debit No. Cash $8,040 101 112 Accounts Receiva ble 8,715 157 Equipment 16,051 Accumulated Depreciation-Equip $7,941 158 Accounts Payable 201 4,850 Unearned Rent Revenue 208 2,438 Common Stock 15,534 311 Retained Earnings 320 28,134 Dividends 332 15,583 400 Service Revenue 63,117 6,841 429 Rent Revenue 711 Depreciation Expense 8,805 Salaries and Wages Expense 726 56,593 732 Utilities Expense 15,068 $128,855 $128,855 Total (a1) Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) PLEVIN COMPANY Income Statement For the Year Ended July 31, 2015 Problem 4-3A (Part Level Submission) The completed financial statement columns of the worksheet for Fleming Company are shown below: FLEMING COMPANY Worksheet For the Year Ended December 31, 2015 Balance Sheet Income Statement Account Account Titles Dr. Cr. Dr. Cr. No. Cash 101 8,970 Accounts Receiva ble 112 10,756 Prepaid Insurance 130 2,656 157 Equipment Accumulated Depreciation-Equip. 24,379 167 4,611 Accounts Payable Salaries and Wages Payable Common Sto ck 8,885 201 212 2,472 311 19,419 Retained Earnings 320 7,149 Dividends 332 17,318 400 Service Revenue 59,622 Maintenance and Repairs Expense 622 1,739 Depreciation Expense Insurance Expense 711 2,953 722 1,801 Salaries and Wages Expense 726 30,107 Utilities Expense 1,479 732 Totals 38,079 59,622 64,079 42,536 21,543 21,543 Net Income 59,622 59,622 64,079 64,079 (al) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) FLEMING COMPANY Income Statement For the Year Ended December 31, 2015