PR 4-1A Financial statements and closing entries Obj. 1,2,3 Beacons Company maintains and repairs war mpany maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacons Company prepared S. Beacons Company prepared the following end-of-period spreadsheet at December 31, 20Y5, the end of the fiscal year: I BICIDE F G Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 2045 Unadjusted Adjusted Trial Balance Adjustments Trial Balance 6 Account Title Dr. Cr. Dr. Cr. Dr. Cr. 9,100 10,800 38,900 4,200 2,730 98,000 400,000 3,150 2,180 10,800 48,000 1,050 550 98,000 400,000 205,300 12,000 217,300 101,000 101,000 4,800 85,100 15,700 5,000 89,900 15,700 5,000 1,000 75,000 128,100 1,100 2,100 75,000 128, 100 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 Payable 18 Salaries & Wages Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Rent Revenue 25 Salaries & Wages Expense 26 Advertising Expense 27 Utilities Expense 28 Depr. Exp.--Building 29 Repairs Expense 30 Depr. Exp.--Equipment 31 Insurance Expense 32 Supplies Expense 33 Misc. Expense 34 35 10,000 10,000 363,700 9,100 1,100 372,800 1.100 5,000 158,100 21,700 16,400 12,000 8,850 4,800 3,150 2,180 163,100 21,700 16,400 12,000 8,850 4,800 3,150 2,180 4,320 905, 900 4320 875.000 875.000 37 330 37,330 905 900 (Continued) Accounting Cycle ment for the year ended December 31, 20Y5. Instructions 1. Prepare an income statement for the year ended Decem the vear ended December 31, 20Y5. During 2. Prepare a statement of stockholders' equity for the year enucu year, common stock of $25,000 was issued. 3. Prepare a balance sheet as of December 31, 20Y5. 1. Based upon the end-of-period spreadsheet, journalize the closing entries. 5. Prepare a post-closing trial balance