Lamp Light Company
			End-of-Period Spreadsheet
			For the Year Ended December 31, 2016
	Unadjusted Trial Balance		Adjustments		Adjusted Trial Balance
Account Title	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	10800				10800
Accounts Receivable	38900		(a) 11300		50200
Prepaid Insurance	4200			(b) 3000	1200
Supplies	2730			(c) 2250	480
Land	98000				98000
Building	400000				400000
Accumulated Depreciation-Building		205300		(d) 10100		215400
Equipment	101000				101000
Accumulated Depreciation-Equipment		85100		(e) 6680		91780
Accounts Payable		15700				15700
Salaries and Wages Payable				(f) 4900		4900
Unearned Rent		2100	(g) 1300			800
Ted Hickman, Capital		203100				203100
Ted Hickman, Drawing	10000				10000
Fees Earned		363700		(a) 11300		375000
Rent Revenue				(g) 1300		1300
Salaries and Wages Expense	163100		(f) 4900		168000
Advertising Expense	21700				21700
Utilities Expense	11400				11400
Depreciation Expense-Building			(d) 10100		10100
Repairs Expense	8850				8850
Depreciation Expense-Equipment			(e) 6680		6680
Insurance Expense			(b) 3000		3000
Supplies Expense			(c) 2250		2250
Miscellaneous Expense	4320				4320
	875000	875000	39530	39530	907980	907980

Required: 1. Prepare an income statement for the year ended December 31 , 2016. If a net loss has been incurred, enter that amount as a heading. Use the list of Labels and Amount negative number using a minus sign. Be sure to complete the statement Descriptions for the correct wording of text items other than account names. You will not need to enter colons (:) on the income statement. statement of owner's equity for the year ended December 31, 2016. No additional investments were made during ts were made during the year. If a net loss has been incurred or there has been a decrease 2. Prepare a statement of owner's equity for the year ended December 31, 2016 the year. No additional investmen in owner's equity. 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. 3. Prepare a balance sheet as of December 31, 2016. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading, Use the ist of Labels and Amount Descriptions for the correct wording of text items other than account names. You will not noed to enter colons () or the word "Less" on the balance sheet; they will automatically insert where necessary. 4. Based upon the end-of-period spreadsheet, journalize the closing entries. Explanations should be omitted. If you are unsure of account titles, see the chart of accounts. 5. Prepare a post-closing trial balance