JULIULEL. Complete financial entries, as balance. (LO 1, 2, P4-2A The adjusted trial balance columns of the worksheet for Watson Company, Ltd. are as follows. WATSON COMPANY, LTD. Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. Account Titles Dr. 101 17,800 Cash 14,400 112 Accounts Receivable 2,300 126 Supplies Cr. ng the Accounting Cycle Adjusted Trial Balance Account No. Account Titles Dr. Cr. 130 Prepaid Insurance 4,400 157 Equipment 46,000 158 Accumulated Depreciation Equipment 18,000 200 Notes Payable 20,000 201 Accounts Payable 8,000 212 Salaries and Wages Payable 2,600 220 Tutamant Payable 1,000 311 Share Capital-Ordinary 15,000 320 Retained Earnings 9,800 332 Dividends 12,000 400 Service Revenue 86,200 610 Advertising Expense 10,000 631 Supplies Expense 3,700 711 Depreciation Expense 6,000 722 Insurance Expense 4,000 726 Salaries and Wages Expense 39,000 905 Interest Expense 1,000 Totals 160,600 160,600 Instructions 500 (a) Complete the worksheet by extending the balances to the financial statement columns. 38,900 (b) Prepare an income statement, a retained earnings statement, and a classified state- es ment of financial position (amounts in British pounds). (Note: 5,000 of the notes payable become due in 2018.) (c) Prepare the closing entries. Use J14 for the journal page. (d) Post the closing entries. Use the three-column form of account. Income Summary is account No. 350. (e) Prepare a post-closing trial balance. LE ko