I need help completing this form . please help me understand this????

- Accounting Principle I on 2: The following 10-column work sheet contains the adjusted trial balance, statement, balance sheet and statement of owner's equity for Magic Compan ecember 31, 2017. The company also prepared closing entries for the period. v the worksheet and closing entries below. B C D E F G H Unadjusted Trial Balance Adjustments Adjusted Balance Shoot a Income Account Title Trial Balance Statement of Statement Dr. Owner's Equity Cr. Dr. Cr. Dr. Cash Cr. Dr. Cr. Dr. 13,000 Cr. 13,000 Accounts receivable 13,000 8,000 (a)9.000 Land 85,000 17.000 17.000 85,000 85.000 Accounts payable 10,000 (b)2,000 12.000 12.00 Long-term notes payable 33,000 33.000 33.000 Magic. Capital 75,000 75 000 75.00 Magic, Withdrawals 20.000 20,000 20.000 Fees earned 70,000 (a)9,000 79.000 79,000 Salaries expense 54,000 (b)2,000 56,000 56,000 Office supplies expense 8.000 8,000 8.000 Totals 188 000 188 000 11.00 11.000 199.090 199.000 64.000 79.000 135.000 120 00 Net income 15.000 15.00 Totals 79.000 79,000 135.000 135.000 n mind that there are 4 closing entries to be made. These can be found in the handout I ed in earlier Announcement email: Completing the Accounting Cycle that is pp 129 - 140 of the text ocument describes the last half of the accounting cycle. After we deal with the adjustment discussed in week 3, we then pick up the accounting cycle with the Adjusted Trial Balance here, we can then present our financial statements and close our accounts to complete the and make the "books" ready for the next period. ng entries: Fees Earned .. 79.000 Income Summary 79.000 Close revenue account Income Summary... 15,000 Magic, Capital ...... 15.000 Close Income Summary. d: mine the missing closing entries fjust provide name of which closing entries ing). the financial statements in the worksheet above, Create the missing closing s. In other words, you will be able to prepare the two missing closing entrie named above) from the information in the worksheet. Remember closing nly impact TEMPORARY accounts. 3: Sea Shell company completed steps 1-6 during the accounting cycle. The also prepared a worksheet (shown below). Review the worksheet and the following