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PR 4-1A Financial statements and closing entries Obj. 1, 2, 3 3. Total assets: Lamp Light Company maintains and repairs warning lights, such as those
PR 4-1A Financial statements and closing entries Obj. 1, 2, 3 3. Total assets: Lamp Light Company maintains and repairs warning lights, such as those found on radio towers $354,500 and lighthouses. Lamp Light prepared the following end-of-period spreadsheet at December 31, 2018, the end of the fiscal year EXCEL TEMPLATE For the Year Ended December 31, 2018 Adjusted 6 Account Title Dr Cr 8 Cash 10,800 38,900 4 200 2,730 98,000 400.000 10,800 50,200 11,300 3,000 1,200 11 Supplies 12 Land 98,000 205.300 10,100 215,400 15 E 101,000 85.100 15,700 17 Accounts Payable 15,700 2.100 1.300 19 20 Common Stock 75,000 128,100 75,000 128,100 10.000 10,000 11,300 375,000 23 Fees E 24 Rent Revenue 363,700 25 Salaries &Wages Expense 163,100 21,700 11,400 4,900 168,000 10,100 8.850 6,680 3,000 2.250 4.320 10,100 29 Repairs Expense 30 Depr. Exp-Equipment 31 Insurance Expense 32 Supplies Expense 33 Misc. Expense 8,850 6,680 3,000 2,250 4.320 (Continued)
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