Instructions: Prepare a(n): Classified Balance Sheet, Multi- Step Income Statement, Statement of Owner's Equity, and Closing Entries

Adjusted Trial Balance December 31, 2018 ash 26,750 27,000 Receivable lowance for Doubtful Accounts 1,750 erchandise Inventory (beginning) Estimated Returns Inv Prepaid Insurance Land Office Equipment Accumulated Depreciation-Office Equipment Buildings 84,375 1,800 16,800 120,000 46,000 entory (beginning) 16,865 48,125 4,000 ulated Depreciation-Buildings 20,000 imber Accumulated Depletion-Timber Patent Accounts Payable Salaries Payable Interest Payable Customer Refunds Payable 12,500 36,500 5,750 1,500 6,500 2,000 Unearned Ret otes Payable Capital, Bill Barney Bill Barney, Drawings 181,610 6,700 382,500 es Purchases Purchases Returns and Allowances Purchase Discounts Freight-in Bad Debt Expense nsurance Expense nterest Expense 221,750 3,600 7,640 6,000 2,670 1,600 25,000 7,100 35,200 5,700 11,815 3,000 4,000 13,980 epairs and Maintenance Expense Salaries Expense Advertising Expense Depreciation Expense Depletion Expense Amortization Expense Utilities Expense ent Revenue 1.400 1049 740 1049 740 Other data: (1) Inventory on hand at December 31, 2018 (i.e., ending inventory) is $ 103,600 2) Estimated Returns Inventory increased by (3) Bad Debt Expense, Insurance Expense, Repairs and Maintenance Expense, Depletion Expense, Amortization Expense, and Utilities Expense are 100% administrative. 4) Advertising Expense is 100% selling. (5) Depreciation Expense and Salaries Expense are 60% administrative and 40% selling. 6) Portion of Notes Payable payable next year: (7) Bill Barney contributions to the business in 2018 were $4,500 $72,000 $11,500 Adjusted Trial Balance December 31, 2018 ash 26,750 27,000 Receivable lowance for Doubtful Accounts 1,750 erchandise Inventory (beginning) Estimated Returns Inv Prepaid Insurance Land Office Equipment Accumulated Depreciation-Office Equipment Buildings 84,375 1,800 16,800 120,000 46,000 entory (beginning) 16,865 48,125 4,000 ulated Depreciation-Buildings 20,000 imber Accumulated Depletion-Timber Patent Accounts Payable Salaries Payable Interest Payable Customer Refunds Payable 12,500 36,500 5,750 1,500 6,500 2,000 Unearned Ret otes Payable Capital, Bill Barney Bill Barney, Drawings 181,610 6,700 382,500 es Purchases Purchases Returns and Allowances Purchase Discounts Freight-in Bad Debt Expense nsurance Expense nterest Expense 221,750 3,600 7,640 6,000 2,670 1,600 25,000 7,100 35,200 5,700 11,815 3,000 4,000 13,980 epairs and Maintenance Expense Salaries Expense Advertising Expense Depreciation Expense Depletion Expense Amortization Expense Utilities Expense ent Revenue 1.400 1049 740 1049 740 Other data: (1) Inventory on hand at December 31, 2018 (i.e., ending inventory) is $ 103,600 2) Estimated Returns Inventory increased by (3) Bad Debt Expense, Insurance Expense, Repairs and Maintenance Expense, Depletion Expense, Amortization Expense, and Utilities Expense are 100% administrative. 4) Advertising Expense is 100% selling. (5) Depreciation Expense and Salaries Expense are 60% administrative and 40% selling. 6) Portion of Notes Payable payable next year: (7) Bill Barney contributions to the business in 2018 were $4,500 $72,000 $11,500