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Help me fill out these accounts. Financial Statements and Closing Entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared

Help me fill out these accounts.

Financial Statements and Closing Entries

Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared the end-of-period spreadsheet that follows at June 30, 20Y1, the end of the fiscal year:

Last Chance Company
End-of-Period Spreadsheet
For the Year Ended June 30, 20Y1
Unadjusted Adjusted
Trial Balance Adjustments Trial Balance
Account Title Dr. Cr. Dr. Cr. Dr. Cr.
Cash 5,100 5,100
Accounts Receivable 22,750 (a) 3,750 26,500
Prepaid Insurance 3,600 (b) 1,300 2,300
Supplies 2,025 (c) 1,500 525
Land 80,000 80,000
Building 340,000 340,000
Accum. Depr.Building 190,000 (d) 3,000 193,000
Equipment 140,000 140,000
Accum. Depr.Equipment 54,450 (e) 4,550 59,000
Accounts Payable 9,750 9,750
Salaries and Wages Payable (f) 1,900 1,900
Unearned Rent 4,500 (g) 3,000 1,500
Tami Garrigan, Capital 361,300 361,300
Tami Garrigan, Drawing 20,000 20,000
Fees Earned 280,000 (a) 3,750 283,750
Rent Revenue (g) 3,000 3,000
Salaries and Wages Expense 145,100 (f) 1,900 147,000
Advertising Expense 86,800 86,800
Utilities Expense 30,000 30,000
Travel Expense 18,750 18,750
Depr. Exp.Equipment (e) 4,550 4,550
Depr. Exp.Building (d) 3,000 3,000
Supplies Expense (c) 1,500 1,500
Insurance Expense (b) 1,300 1,300
Misc. Expense 5,875 5,875
900,000 900,000 19,000 19,000 913,200 913,200

Required:

1. Prepare an income statement for the year ended June 30.

Last Chance Company
Income Statement
For the Year Ended June 30, 20Y1
Revenues:
$fill in the blank 962cf4014fabff4_2
fill in the blank 962cf4014fabff4_4
Total revenues $fill in the blank 962cf4014fabff4_5
Expenses:
$fill in the blank 962cf4014fabff4_7
fill in the blank 962cf4014fabff4_9
fill in the blank 962cf4014fabff4_11
fill in the blank 962cf4014fabff4_13
fill in the blank 962cf4014fabff4_15
fill in the blank 962cf4014fabff4_17
fill in the blank 962cf4014fabff4_19
fill in the blank 962cf4014fabff4_21
fill in the blank 962cf4014fabff4_23
Total expenses fill in the blank 962cf4014fabff4_24
$fill in the blank 962cf4014fabff4_26

2. Prepare a statement of owner's equity for the year ended June 30. No additional investments were made during the year.

Last Chance Company
Statement of Owner's Equity
For the Year Ended June 30, 20Y1
$fill in the blank f7993afe6f9bf84_2
$fill in the blank f7993afe6f9bf84_4
fill in the blank f7993afe6f9bf84_6
fill in the blank f7993afe6f9bf84_8
$fill in the blank f7993afe6f9bf84_10

3. Prepare a balance sheet as of June 30.

Last Chance Company
Balance Sheet
June 30, 20Y1
Assets
Current assets:
$fill in the blank f80c2b071005f9d_2
fill in the blank f80c2b071005f9d_4
fill in the blank f80c2b071005f9d_6
fill in the blank f80c2b071005f9d_8
Total current assets $fill in the blank f80c2b071005f9d_9
Property, plant, and equipment:
$fill in the blank f80c2b071005f9d_11
$fill in the blank f80c2b071005f9d_13
fill in the blank f80c2b071005f9d_15 fill in the blank f80c2b071005f9d_16
$fill in the blank f80c2b071005f9d_18
fill in the blank f80c2b071005f9d_20 fill in the blank f80c2b071005f9d_21
Total property, plant, and equipment fill in the blank f80c2b071005f9d_22
Total assets $fill in the blank f80c2b071005f9d_23
Liabilities
Current liabilities:
$fill in the blank f80c2b071005f9d_25
fill in the blank f80c2b071005f9d_27
fill in the blank f80c2b071005f9d_29
Total liabilities $fill in the blank f80c2b071005f9d_30
Owner's Equity
fill in the blank f80c2b071005f9d_32
Total liabilities and owner's equity $fill in the blank f80c2b071005f9d_33

4. On the basis of the end-of-period spreadsheet, journalize the closing entries. If an amount box does not require an entry, leave it blank.

June. 30 fill in the blank 65d77900efdff83_2 fill in the blank 65d77900efdff83_3
fill in the blank 65d77900efdff83_5 fill in the blank 65d77900efdff83_6
fill in the blank 65d77900efdff83_8 fill in the blank 65d77900efdff83_9
fill in the blank 65d77900efdff83_11 fill in the blank 65d77900efdff83_12
fill in the blank 65d77900efdff83_14 fill in the blank 65d77900efdff83_15
fill in the blank 65d77900efdff83_17 fill in the blank 65d77900efdff83_18
fill in the blank 65d77900efdff83_20 fill in the blank 65d77900efdff83_21
fill in the blank 65d77900efdff83_23 fill in the blank 65d77900efdff83_24
fill in the blank 65d77900efdff83_26 fill in the blank 65d77900efdff83_27
fill in the blank 65d77900efdff83_29 fill in the blank 65d77900efdff83_30
fill in the blank 65d77900efdff83_32 fill in the blank 65d77900efdff83_33
fill in the blank 65d77900efdff83_35 fill in the blank 65d77900efdff83_36
June. 30 fill in the blank 65d77900efdff83_38 fill in the blank 65d77900efdff83_39
fill in the blank 65d77900efdff83_41 fill in the blank 65d77900efdff83_42

5. Prepare a post-closing trial balance. If an amount box does not require an entry, leave it blank.

Last Chance Company
Post-Closing Trial Balance
June 30, 20Y1
Debit Balances Credit Balances
fill in the blank ccd422001faeffa_2 fill in the blank ccd422001faeffa_3
fill in the blank ccd422001faeffa_5 fill in the blank ccd422001faeffa_6
fill in the blank ccd422001faeffa_8 fill in the blank ccd422001faeffa_9
fill in the blank ccd422001faeffa_11 fill in the blank ccd422001faeffa_12
fill in the blank ccd422001faeffa_14 fill in the blank ccd422001faeffa_15
fill in the blank ccd422001faeffa_17 fill in the blank ccd422001faeffa_18
fill in the blank ccd422001faeffa_20 fill in the blank ccd422001faeffa_21
fill in the blank ccd422001faeffa_23 fill in the blank ccd422001faeffa_24
fill in the blank ccd422001faeffa_26 fill in the blank ccd422001faeffa_27
fill in the blank ccd422001faeffa_29 fill in the blank ccd422001faeffa_30
fill in the blank ccd422001faeffa_32 fill in the blank ccd422001faeffa_33
fill in the blank ccd422001faeffa_35 fill in the blank ccd422001faeffa_36
fill in the blank ccd422001faeffa_38 fill in the blank ccd422001faeffa_39
fill in the blank ccd422001faeffa_40 fill in the blank ccd422001faeffa_41

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