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GLS Complete worlksheat prapare financial statements, cloaing aentries, and poat-cloazing rial balovce L0124 The adgusted trial balance columns of the worksheet for Alsbwer Company are

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GLS Complete worlksheat prapare financial statements, cloaing aentries, and poat-cloazing rial balovce L0124 The adgusted trial balance columns of the worksheet for Alsbwer Company are as follows ALSHWER COMPANY Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account No Account Tides Dr. Cr 5,300 10,800 1,500 2,000 101 Cash Accousts Receivable 112 126 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Common Stock 130 157 27,000 5,600 15,000 158 200 201 6,100 2,400 600 212 230 10,000 3,000 311 Retained Earmings Dvidends Service Revenue Advertising Expense Supplies Expense 320 332 400 7,000 61,000 ,400 4,000 5,600 3,500 28,000 600 610 631 711 Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals 722 726 905 103,700 103,700 Instructions ( Complete the worksbeet by exteading the balances to the financial statement columan Net income $10,900 Prepare an income statement, a retained earnings statement, and a clasifed balance steet (Note: 53,000 of the notes payable become due in 2020) Currest assets $19,600 Currest labilities $14,100 (e) Prepare the closing entries. Use 14 for the journal page (Post the closing enries (Uve the the-column form of account ) Income Summary in No. 350 () Prepare a post-closing trial balance Post-closing trial balance $46,600

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