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Prepare a worksheet. DO IT! 4.1 (LO 1) Bradley Decker is preparing a worksheet. Explain to Bradley how he should extend the following adjusted trial
Prepare a worksheet. DO IT! 4.1 (LO 1) Bradley Decker is preparing a worksheet. Explain to Bradley how he should extend the following adjusted trial balance accounts to the financial statement columns of the worksheet. Service Revenue Accounts Receivable Notes Payable Accumulated Depreciation Common Stock Utilities Expense DO IT! 4.2 (LO2) Paloma Company shows the following balances in selected accounts of its adjusted trial balance. Supplies $32,000 Service Revenue S108.000 Supplies Expense 6,000 Salaries and Wages Expense 40,000 Accounts Receivable 12,000 Utilities Expense 8,000 Dividends 22,000 Rent Expense 18,000 Retained Earnings 70,000 Prepare the closing entries at December 31. Prepare closing entries
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