P4-3A The completed financial statement columns of the worksheet for Fleming Company are as follows. Balance Sheet Cr. FLEMING COMPANY Worksheet For the Year Ended December 31, 2019 Income Statement Account No. Cr. Dr. Account Titles Dr. 101 Cash 8,900 112 Accounts Receivable 10,800 130 Prepaid Insurance 2,800 157 Equipment 24,000 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,000 212 Salaries and Wages Payable 2,400 311 Common Stock 12,000 320 Retained Earnings 7,500 332 Dividends 11,000 400 Service Revenue 60,000 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 3,100 722 Insurance Expense 726 Salaries and Wages Expense 1,800 30,000 732 Utilities Expense 1,400 Totals 37,900 Net Income 60,000 57,500 35,400 22,100 22,100 60,000 60,000 57,500 57,500 Instructions (a) Prepare an income statement, a retained earnings statement, and a classified balance sheet (b) Prepare the closing entries. (c) Post the closing entries and underline and balance the accounts. (Use T-accounts. Income Summary is account No. 350. (d) Prepare a post-closing trial balance (a) Ending retained earnings $18,600 Total current assets 522,500 (d) Post-closing trial balance 546,500 P4-3A The completed financial statement columns of the worksheet for Fleming Company are as follows. Balance Sheet Cr. FLEMING COMPANY Worksheet For the Year Ended December 31, 2019 Income Statement Account No. Cr. Dr. Account Titles Dr. 101 Cash 8,900 112 Accounts Receivable 10,800 130 Prepaid Insurance 2,800 157 Equipment 24,000 158 Accumulated Depreciation-Equip. 4,500 201 Accounts Payable 9,000 212 Salaries and Wages Payable 2,400 311 Common Stock 12,000 320 Retained Earnings 7,500 332 Dividends 11,000 400 Service Revenue 60,000 622 Maintenance and Repairs Expense 1,600 711 Depreciation Expense 3,100 722 Insurance Expense 726 Salaries and Wages Expense 1,800 30,000 732 Utilities Expense 1,400 Totals 37,900 Net Income 60,000 57,500 35,400 22,100 22,100 60,000 60,000 57,500 57,500 Instructions (a) Prepare an income statement, a retained earnings statement, and a classified balance sheet (b) Prepare the closing entries. (c) Post the closing entries and underline and balance the accounts. (Use T-accounts. Income Summary is account No. 350. (d) Prepare a post-closing trial balance (a) Ending retained earnings $18,600 Total current assets 522,500 (d) Post-closing trial balance 546,500