Instructions Beacons Company maintains and repairs warning lights, such as those found on radio lowers and lighthouses Beacons Company prepared the following end-of- period spreadsheet at December 31, 2045, the end of the fiscal year Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 2045 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr Cr Dr Cr Dr. CH Cash 10.000 10,000 Accounts Receivable 39,000 (a) 9.100 48,100 Prepaid Insurance 4.300 (b) 3.150 1,150 Supplies 2.740 (c) 2,180 560 Land 98,000 98,000 Building 423,000 423,000 Accumulated Depreciation-Building 205,300 (d) 12,000 217,300 Equipment 106,000 106,000 Accumulated Depreciation-Equipment 85,100 (e) 4,400 89,500 Accounts Payable 16,000 16,000 Salaries and Wages Payable (1) 5,000 5,000 Unearned Rent 2,300 (9) 1,200 1,100 Common Stock 90,000 90,000 Retained Earnings 139,370 139,370 Dividends 10,000 10,000 Fees Earned 363,400 (a) 9.100 372,500 Rent Revenue (g) 1,200 1,200 Salaries and Wages Expense 158,800 (1) 5,000 163,800 Advertising Expense 21,400 21,400 Utilities Expense 15,100 15,100 Depreciation Expense-Building (d) 12,000 12,000 Repairs Expense 8,850 8,850 Depreciation Expense-Equipment (e) 4,400 4,400 Insurance Expense (b) 3,150 3,150 Supplies Expense (c) 2,180 2,180 Miscellaneous Expense 4,280 4,280 901.470 901,470 37,030 37,030 931,970 931,970 Required: 1. Prepare an income statement for the year ended December 31, 2045 W a net loss has been incurred, enter that amount as a negative number using a minus sign Be sure to complete the statement heading Use the list of Labels and Amount Descriptions for the correct wording of text Items other than account names. You wil not need to enter colons() on the income statement 2. Prepare a statement of stockholders equity for the year ended December 31, 2018 During the year common stock of $30,000 was issued Wa net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign Be sure to complete the statement heading. Refer to the stor Label and Amount Descriptions for the exact wording or the answer choices for text entries. Refer to the Chart or Accounts for exact wording of account bites 3. Prepare a balance sheet as of December 31, 2018 Fixed assets must be entered in order according to account number Be sure to complete the statement heading Refer to the list of Labels and Amount Descriptions for the exact wording or tho-answer choices for text entries. Refer to the Chart of Accounts for exact wording of account titles For those boxes in which you must enter subtracted or negative numbers use a minus sign 4. Based upon the end-of-period spreadsheet, journalze the closing entries Refer to the Chart of Accounts for exact wording of account les 5. Prepare a post-closing trial balance, a
