Light-It-Up Company End-of-Period Spreadsheet For the Year Ended August 31, 20Y5 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Cr. 10 Cr. Account Title Dr. Dr. Cr. Dr. Cash 10,300 10,300 Accounts Receivable 38,200 9,000 47,200 Prepaid Insurance 4,400 3,350 1,050 Supplies 2,730 2,180 550 Land 98,000 98,000 Building 415,000 415,000 Accumulated Depreciation-Building 205,300 14,000 219,300 Equipment 104,000 104,000 Accumulated Depreciation-Equipment 85,100 4,200 89,300 Accounts Payable 15,700 15,700 Salaries and Wages Payable 5,000 5,000 Unearned Rent 3,000 2,000 1,000 Instructions Unearned Rent Common Stock 3,000 2,000 1,000 70,000 70,000 Retained Earnings 148,240 148,240 Dividends 10,000 10,000 Fees Earned 363,300 9,000 372,300 Rent Revenue 2,000 2,000 Salaries and Wages Expense 158,300 5,000 163,300 Advertising Expense 21,200 21,200 Utilities Expense 15,500 15,500 Depreciation Expense-Building 14,000 14,000 Repairs Expense 8,850 8,850 Depreciation Expense-Equipment Insurance Expense 4,200 4,200 3,350 3,350 Supplies Expense 2,180 2,180 Miscellaneous Expense 4,160 4,160 890,640 890,640 39,730 39,730 922,840 922,840 Lig at Income Statement 1 Revenues: 2 Rent revenue 3 Fees earned 4 Total revenues 5 Expenses: Income Statement For the Year Ended August 31, 2015 $2,000.00 372,300.00 $374,300.00 6 Salaries and wages expense $163,300.00 7 Advertising expense 21,200.00 B Utilities expense 9 Depreciation expense-building 10 Repairs expense 15,500.00 14,000.00 8,850.00 11 Depreciation expense-equipment 4,200.00 12 Insurance expense 3,350.00 13 Supplies expense 2,180.00 14 Miscellaneous expense 4,160.00 15 Total expenses 236,740.00 16 Net income $137,560.00 2 Balances, September 1, 2014 3 Issued common stock 4 Net income 5 Dividends 6 Balances, August 31, 20YS Light-It-Up Company Statement of Stockholders' Equity For the Year Ended August 31, 2015 Score: 42/80 Retained Common Stock Total Earnings $148,240.00 137,560.00 Balance Sheet 1 2 (Label) Assets 5 4 5 6 7 9 (Label) 10 Shaded cells have fe Light-It-Up Company Balance Sheet (Label) Shaded cells have feedback. Score: 0/198 9.45 ons Balance Sheet come 11 St 12 St ES 13 14 15 = 16 17 18 = 19 (Label) Liabilities 6 1 20 41 3 21 22 23 24 25 13 14 19 26 27 28 Stockholders' Equity General Journal Question not attempted. 15 DATE 2 3 4 " " ' 10 = 11 == 14 15 DESCRIPTION JOURNAL Closing Entries Score: 0/171 POST. REF DEBIT CREDIT Shaded cells have feedback. PAGE 11 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY 3. Post-Closing Trial Balance 1 Cash 2 Accounts Receivable 4 3 Prepaid Insurance 5 4 Supplies 6 5 Land 7 8 9 Light-It-Up Company POST-CLOSING TRIAL BALANCE August 31, 2015 ACCOUNT TITLE 6 Building 7 Accumulated Depreciation-Building 8 Equipment 10 9 Accumulated Depreciation-Equipment 11 10 Accounts Payable 12 11 Salaries and Wages Payable 13 12 Unearned Rent 14 13 Common Stock 15 14 Retained Earnings 15 Totals eck My Work Shaded cells have feedback. X Score: 0/59 DEBIT CREDIT