ompleting the Accounting Cycle Series A OBJ. 1,2,3 PR 4-1A Financial statements and closing entries Lamp Light Company maintains and repairs warning lights, such as those found radio towers and lighthouses. Lamp Light Company prepared the following end-of-period spreadsheet at December 31, 2016, the end of the fiscal year: Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2016 Unadjusted Adjusted Tral Balance Adjustments Trial Balance 6 Account Title Cr. Dr. Dr. 8 Cash - 9 Accounts Receivable 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr-Building 15 Equipment 16 Accum. Depr.-Equipment 17 Accounts Payahle 10,800 38,900 4,200 2,730 98,000 400,000 10,800 50,200 (b) 3,000 1,200 (c) 2,250 480 98,000 400,000 (a) 11,300 205,300 215,400 101,000 180 101,000 (d)10,100 85,100 Cr Dr Account Title 10,800 38,900 4,200 2,730 98,000 400,000 10,800 50,200 (b) 3,000 1,200 (c) 2,250 480 98,000 400,000 8 Cash 9 Accounts Receivable (a) 11,300 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr.-Building 15 Equipment 16 Accum. Depr-Equipment 17 Accounts Payable 18 Salaries & Wages Payable 19 Unearned Rent 20 Ted Hickman, Capital 21 Ted Hickman, Drawing 22 Fees Eamed 23 Rent Revenue 24 Salaries &Wages Expense 163,100 25 Advertising Expense 26 Utilities Expense (d)10,100 (e) 6,680 (1 4,900 205,300 215,400 101,000 101,000 91,780 15,700 4.900 800 203,100 85,100 15,700 2100 (g) 1,300 203,100 10,000 10,000 (a)11,300 ) 1,300 375,000 1,300 363,700 168,000 21,700 11,400 10,100 8,850 4,900 21,700 11,400 27 Depr. Exp-Building (d) 10, 100 8,850 28 Repairs Expense 29 Depr. Exp.-Equipment 30 Insurance Expense 31 Supplies Expense 32 Misc. Expense (e) 6,680 (b) 3,000 (c) 2,250 6,680 3,000 2,250 4,320 $10 4,320 875,000 875,000 39,530 39,530 907.980 90 34 0,800 38,900 4,200 10,800 50,200 (b) 3,000 1,200 8 Cash 9 Accounts Receivable (a) 11,300 10 Prepaid Insurance 11 Supplies (G) 2.250 480 98,000 400,000 12 Land 400,000 13 Building (d)10,100 (e) 6,680 (0 4,900 14 Accum. Depr-Building 205,300 15 Equipment 101,000 101,000 16 Accum. Depr-Equipment 17 Accounts Payable 18 Salaries &Wages Payable 19 Unearned Rent 20 Ted Hickman, Capital 21 Ted Hickman, Drawin 22 Fees Earned 23 Rent Revenue 24 Salaries & Wages Expense 25 Advertising Expense 26 Utilities Expense 27 Depr. Exp.-Building 28 Repairs Expense 29 Depr. Exp.-Equipment 30 Insurance Expense 31 Supplies Expense 32 Misc. Expense 85,100 2,100 (g) 1,300 203,100 203,100 10,000 10,000 (a)11,300 (9) 1,300 363,700 - 168,000 21,700 11,400 163,100 21,700 11,400 d) 10,100 8,850 8,850 (e) 6,680 (b) 3,000 4,320 4,320 875,000 875,000 353 39,530 907980 907 980 34 Dep 85.1 Equipment Acoum Depr Accounts Payable Salaries & Wages Payable 15,700 4,900 800 203,100 15 15,700 203,100 363,700 (0 4,900 2,100 (g) 1,300 Unearned Rent 10,000 20 Ted Hickman, Capital 21 Ted Hickman, Drawing 22 Fees Earned 23 Rent Revenue 375,000 (a)11,300 (9) 1,300 10,000 168,000 (0 4,900 24 Salaries & Wages Expense 163,100 25 Advertising Expense 21,700 11,400 10,100 8,850 6,680 3,000 2,250 4,320 21,700 11,400 26 Utlities Expense 27 Depr. Exp.-Building 28 Repairs Expense 29 Depr. Exp-Equipment 30 Insurance Expense (d) 10,100 8,850 (e) 6,680 (b) 3,000 (c) 2.250 31 Supplies Expense 4,320 875,000 875,000 3953 39,530 907,980 907 980 32 Misc. Expense 34 Instructions 1. Prepare an income statement for the year ended December 31 2. Prepare a statement of owner's equity for the year ended December 31. No additional investments were made during the year. 3. Prepare a balance sheet as of December 31. 4. Based upon the end-of-period spreadsheet, journalize the c'osing entries. 5. Prepare a post-closing trial balance