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following for Meyer Lumber for the year ended December 31, 2019. a. Prepare the worksheet. b. Prepare the income statement, statement of owner's equity, and

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following for Meyer Lumber for the year ended December 31, 2019. a. Prepare the worksheet. b. Prepare the income statement, statement of owner's equity, and balane sheet. Using the ledger balances and additional data shown on the next page, do the 12A-4 c. Journalize and post adjusting and closing entries. (Be sure to put begin- ning balances in the ledger first.) d. Prepare a post-closing trial balance. e. Journalize the reversing entry for wages. Account Balances for Meyer Lumber Account No. Cash 110 $ 1,680 111 Accounts Receivable 960 Merchandise Inventory 112 4,550 Lumber Supplies 113 269 114 Prepaid Insurance Lumber Equipment Accumulated Depreciation, Lumber Equipment Accounts Payable 218 121 122 3,000 220 490 1,160 ..wo Wages Payable 221 L. Meyer, Capital 330 7,352 L. Meyer, Withdrawals Income Summary 331 3,000 332 Sales 440 22,800 Sales Returns and Allowances 441 200 Cost of Goods Sold 550 14,215 Wages Expense Advertising Expense 2,480 660 661 400 Rent Expense Depreciation Expense, Lumber Equipment Lumber Supplies Expense 662 830 663 664 Insurance Expense 665 Additional Data (for Problem 12A-4) a.Physical count of inventory, December 31 4,420 110 b. Lumber supplies on hand, December 31 c. Insurance expired 120 d. Depreciation for the year 300 e. Accrued wages on December 31 125 II|

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