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istifiuii16%111:17 PM *Problem 4-3A The completed financial statement columns of the worksheet for Bray Company are shown as follows: BRAY COMPANY Worksheet For the Year Ended December 31, 201 7 "'c-n "tullfriii H L' Cash 9.000 Accounts Receivable 10,800 Prepaid Insurance 2.700 Equipment 24,300 Accumulated Depreciation-Equip. 4.700 Accounts Payable 9.100 Salaries and Wages Payable 2.200 Owner's Capital 19,600 Owner's Drawings 10,400 / Service Revenue 60,000 Maintenance and Repairs Expense 1.800 Depreciation Expense 2.900 Insurance Expense 2.000 Salaries and Wages Expense 30,200 Utilities Expense 1.500 Totals 38,400 60,000 57,200 35,600 Net Income 21,600 21,600 60,000 60,000 57,200 57,200 Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45)) BRAY COMPANY Income Statement $ Prepare owner's equity statement. (List items that increase owner's equity first.) BRAY COMPANY Owner's Equity Statement $ Prepare a classified balance sheet. (List Current Assets in order of liquidity.) BRAY COMPANY Balance Sheetall!) 160/01 11218 PM BRAY COMPANY Balance Sheet $ $ / $ $ $ Prepare the closing entries. L. Bray did not make any additional investments during the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (To close revenue account) Dec.31 (To close expense accounts) Dec.31 (To close net income / (Ioss)) Dec.31 (To close drawings) Post the Closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) l H--"i ing-ai F-q "bsd r-'--i l"Hill, 160/01 11218 PM indent manually.) (To close revenue account) Dec.31 (To close expense accounts) Dec.31 (To close net income / (Ioss)) Dec.31 (To close drawings) Post the Closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.) L F-fi H-'-"i ing-ai pr-v-w hr-s' n-'--i r-w l .. La. H-"-'W hum-al Prepare a post-closing trial balance. BRAY COMPANY Post-Closing Trial Balance Totals $ $ Question Attempts: 0 of 5 used