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Please update the End of the Period Spreadsheet and once complete, prepare the following: Income Statement Statement of Stockholder's Equity Balance Sheet *Please note, the

Please update the "End of the Period Spreadsheet" and once complete, prepare the following:

  1. Income Statement
  2. Statement of Stockholder's Equity
  3. Balance Sheet

*Please note, the retained earnings balance on the adjusted trial balance is your beginning retained earnings.

Are dividends and accumulated depreciation - buildings negative ? And why ?

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B C D E F G H I K M O P Q R Crystal Consulting Company The Year End Adjustments, for Crystal Consulting Company are as follows: End of the Period Spreadsheet For the Year Ended December 31, 2018 a) Supplies on hand at December 31st are $1,500 b) Insurance premiums expired during the year are $250 Unadusted Adjusted c) Depreciation during the year of the building is $6,000 Trial Balance Adjustments Trial Balance d) Billed clients for December consulting fees $7,000 Debit Credit Debit Credit Debit Credit e) Wages accrued but not paid at December 31st are $2,220 Cash 27,500 9 Accounts Receivable 71,800 Please place the adjustments in the appropriate debit/credit column 10 Supplies 3,550 If you cannot remember what the appropriate accounts are, please Prepaid Insurance 750 see Chapter 3 Exhibit 6 and/or Chapter 4 Exhibit 1 Land 65,000 Please update the Adjusted Trial Balance 13 Buildings 250,000 Once complete with the above please prepare the following: 14 Accumulated Depreciation-Buildings 87,000 For the Year Ended December 31, 2018 Accounts Payable 16,100 Income Statement 16 Wages Payable 5,600 Statement of Stockholder's Equity 17 Unearned Rent L,500 Balance Sheet 18 Common Stock 40,000 19 Retained Earnings 141,900 Dividends 30,000 21 Service Fees 675,500 22 Rent Revenue 9,000 Wages Expense 435,000 Rent Expense $5,000 25 Supplies Expense 11,850 26 Utilities Expense 8,800 27 Depreciation Expense-Buildings 10,000 28 Repairs Expense 4,250 29 Insurance Expense 3,000 30 Miscellaneous Expense 11,100 31 977,600 977,600 32 End of the Period Spreadsheet

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