Instructions Light-Up Company For the Year Ended August 31, 2015 Und Adjusted Trial Balance Account Te Dr. a DO D 8 Cash 10,000 10.000 Accounts Receivable 30.000 9.100 48.100 Prepaid Insurance 4.300 3.150 1150 2.740 2.180 500 Land Building M.000 000 423,000 423000 Accumulated Depreciation 200,300 12,000 Building 106,000 Accumulated Depreciation 85.100 4.400 Equipment 106.000 217300 500 Accounts Payable 16,000 16,000 5.000 5.000 2.300 1,300 1.100 Common Stock 90.000 90,000 Retained Eamings 139370 130370 Dividends 10,000 10,000 363,400 100 172.500 Rent Revenue 1,200 1200 Salaries and Wages Expense 158.800 5.000 163.800 Advertising Expense 21,400 21,400 Use Expense 15.100 15.100 Depreciation Expense Building 12.000 12.000 Repairs Expense 1850 1.350 Depreciation Expense 4400 Equipment 3.150 3.150 2.180 2.180 Miscellaneous Expense 901,470 901,470 37.030 37.030 31.970 01.970 Required: 1. Prepare an income statement for the year ended August 31, 2015 2. Prepare a statement of stockholders' equity for the year ended August 31, 2015 During the year common stock of $30,000 was 3. Prepare a balance sheet as of August 31, 20 4. Based upon the end-of-period spreadsheet, joumalize the closing en 5. Prepare a post closing balance