Prepare a worksheet financial statements and adjusting and closing entries

GIBSON ROOFING Worksheet For the Month Ended December 31, 2019 Adjustments Adjusted Trial Balance Income Statement Dr. Cr. Dr. Cr. Dr. Cr. Balance Sheet Dr. Cr. Trial Balance Dr. Cr. 4,500 3,200 2,000 11,000 2,500 550 12.900 1,100 Account titles 10 Cash 11 Accounts Receivable 12 Supplies 13 Equipment 14 Accum Deprec - Equipment 15 Accounts Payable 16 Unearned Service Revenue 17 Owner's Capital 18 Owner's Drawings 19 Service Revenue 20 Salaries and Wages Expense 21 Miscellaneous Expense 22 Totals 23 Supplies Expense 24 Depreciation Expense 25 Salaries and Wages Payable 26 Totals 27 Net Income 28 Totals 6,300 1,300 400 23,500 23,500 29 30 Key: (a) Supplies Used; (b) Depreciation Expensed; (c) Service Revenue Earned: (d) Salaries Accrued. 31 See Sheet 1, Sheet 2 and Sheet 3 for facts and templates. 32 Make sure your project has the grid lines and no items are part on one page and part on another. 33 Use cell references whenever possible. 1 Other data 1. A physical count reveals only $1,500 of supplies on hand 2 Depreciation for May is $400 3. Uneamed service revenue amounted to $300 after adjustment on December 31 4. Accrued salaries are $500 7 Instructions: 8 (a) Complete the worksheet, above (b) Prepare an income statement and owner's equity statement for the month of May and a classified balance sheet at December 31 GIBSON ROOFING Income Statement For the Month Ended December 31, 2019 GIBSON ROOFING Balance Sheet December 31, 2019 Liabilities and Owner's Equity GIBSON ROOFING Owner's Equity Statement For the Month Ended December 31, 2019 Sheet1 Sheet2 Sheet3 2 (c) Journalize the adjusting entries from the adjustments columns of the 3 worksheet 4 Date (d) Journalize the closing entries from the financial statement columns of the worksheet. Date Date