Print Item eBook Show Me How Financial statements and closing entries Tostruction Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Outrench Signals Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Outreach Signals Company prepared the folo spreadsheet at December 31, 2011, the end of the fiscal year Outreach Signals Company End-of-Period Sprendsheet For the Year Ended December 31, 20Y1 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Cr. De Cr. Dr. Cr Cash 20,500 20,500 Accounts Receivable 63,800 (a) 19.700 83,500 Prepaid Insurance 6,600 (b) 4,700 1,900 Supplies 4,700 (c) 3,540 1,160 Land 154,300 154,300 Building 787,000 787.000 Accumulated Depreciation Building 402.000 (d) 14.200 1416.200 Equipment 192,000 192.000 Check My Work 3 more Check My Work uses remaining Email instructor Save and it Submit Assignment for Gratis eBook Print Item Instructions - Accounts Payable 11,700 Salaries Payable - 3,000 Unearned Rent 2,000 Stacy Tanner, Capital 373,800 - Stacy Tanner, Drawing 12,000 Service Fees 718,000 - Rent Revenue 12,000 Salaries Expense 522,100 Rent Expense 48,000 Supplies Expense 10,800 Depreciation Expense-Building - 8,750 7,150 Utilities Expense Repairs Expense 3,000 Insurance Expense 2 2,500 Miscellaneous Expense - 6,200 1,164,700 1,164,700 Check My Work 3 more Check My Work uses remaining. - 48,000 Rent Expense Supplles Expense Depreciation Expense-Building 10,800 8,750 Utilities Expense 7.150 Repairs Expense 3,000 Insurance Expense 2,500 Miscellaneous Expense - 6.200 1.164.700 1.164.700 Required: 1. Prepare an income statement, a statement of owner's equily (no additional investments were made during the year), and a balance sheet 2. Journalize the entries that were required to close the accounts at June 30 3. Stacy Tarner. Capital has instead decreased $30,000 after the closing entries were pobed, and the windrawals remained the same, what would have been the amount of net income or net loss? "Be sure to read the instructions for each financial statement carefully Check My Work 3 more Check My Work uses remaining Previous Chart of Accounts Finders Investigative Services General Ledger ASSETS REVENUE 11 Cash 41 Service Fees 42 Rent Revenue 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 16 Building 17 Accumulated Depreciation-Building LIABILITIES 21 Accounts Payable 22 Salaries Payable 51 Salaries Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 23 Uneamed Rent 57 Insurance Expense 59 Miscellaneous Expense EQUITY 31 Stacy Tanner, Capital 32 Stacy Tanner, Drawing 33 Income Summary Check My Work 3 more Check My Work uses remaining. Email Instructor S eBook Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Staten Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended June 30, 20Y3 June 30, 2013 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Net Income Net loss Stacy Tanner, capital, July 1, 20Y2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total abilities and owner's equity Check My Work 3 more Check My Work uses remaining Decrease in owner's equity Increase in owner's equity Net income Net loss Stacy Tanner, capital, July 1, 20Y2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total liabilities and owner's equity Total property, plant, and equipment Total revenues Withdrawals Check My Work 3 more Check My Work uses remaining. Teac flrntakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Income Statement me Statement (Label) : (Label 2 5 4 5 Label 6 7 3 12 12 15 94 55 Check My Work 3 more Check My Work uses remaining. matement of Owner's Equity Prepare a statement of owner's equity for the year ended June 30, 203. No additional investments were made during the year. Be sure to complete the statement heading. Peter so the last of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Finders investigative Services Statement of Owner's Equity (Label) 3 4 3 eBook Print Item Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Balance Sheet Finders Investigative Services Balance Sheet (Label) + Assets 2 Label 3 4 5 6 ube 31 18 31 Liabilities * Label Check My Work 3 more Check My Work uses remaining Email Instructor Balance Sheet 5 6 7 8 (Label) 9 10 11 12 13 Liabilities 14 (Label) 15 16 17 19 Owner's Equity 20 21 Check M. Moram gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Book Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Journal PAGE 11 JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES DESCRIPTION Closing Entries EQUITY 2 3 4 I 3 8 51 12 11 14 Check My Work more Check My Work uses remaining Email instructor Save and it Submit Assignment for Gratis eBook Print Item Instructions - Accounts Payable 11,700 Salaries Payable - 3,000 Unearned Rent 2,000 Stacy Tanner, Capital 373,800 - Stacy Tanner, Drawing 12,000 Service Fees 718,000 - Rent Revenue 12,000 Salaries Expense 522,100 Rent Expense 48,000 Supplies Expense 10,800 Depreciation Expense-Building - 8,750 7,150 Utilities Expense Repairs Expense 3,000 Insurance Expense 2 2,500 Miscellaneous Expense - 6,200 1,164,700 1,164,700 Check My Work 3 more Check My Work uses remaining. - 48,000 Rent Expense Supplles Expense Depreciation Expense-Building 10,800 8,750 Utilities Expense 7.150 Repairs Expense 3,000 Insurance Expense 2,500 Miscellaneous Expense - 6.200 1.164.700 1.164.700 Required: 1. Prepare an income statement, a statement of owner's equily (no additional investments were made during the year), and a balance sheet 2. Journalize the entries that were required to close the accounts at June 30 3. Stacy Tarner. Capital has instead decreased $30,000 after the closing entries were pobed, and the windrawals remained the same, what would have been the amount of net income or net loss? "Be sure to read the instructions for each financial statement carefully Check My Work 3 more Check My Work uses remaining Previous Chart of Accounts Finders Investigative Services General Ledger ASSETS REVENUE 11 Cash 41 Service Fees 42 Rent Revenue 12 Accounts Receivable EXPENSES 13 Supplies 14 Prepaid Insurance 16 Building 17 Accumulated Depreciation-Building LIABILITIES 21 Accounts Payable 22 Salaries Payable 51 Salaries Expense 52 Rent Expense 53 Supplies Expense 54 Depreciation Expense-Building 55 Utilities Expense 56 Repairs Expense 23 Uneamed Rent 57 Insurance Expense 59 Miscellaneous Expense EQUITY 31 Stacy Tanner, Capital 32 Stacy Tanner, Drawing 33 Income Summary Check My Work 3 more Check My Work uses remaining. Email Instructor S eBook Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Staten Labels and Amount Descriptions Labels Current assets Current liabilities Expenses For the Year Ended June 30, 20Y3 June 30, 2013 Property, plant, and equipment Revenues Amount Descriptions Decrease in owner's equity Increase in owner's equity Net Income Net loss Stacy Tanner, capital, July 1, 20Y2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total abilities and owner's equity Check My Work 3 more Check My Work uses remaining Decrease in owner's equity Increase in owner's equity Net income Net loss Stacy Tanner, capital, July 1, 20Y2 Stacy Tanner, capital, June 30, 20Y3 Total assets Total current assets Total expenses Total liabilities Total liabilities and owner's equity Total property, plant, and equipment Total revenues Withdrawals Check My Work 3 more Check My Work uses remaining. Teac flrntakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Income Statement me Statement (Label) : (Label 2 5 4 5 Label 6 7 3 12 12 15 94 55 Check My Work 3 more Check My Work uses remaining. matement of Owner's Equity Prepare a statement of owner's equity for the year ended June 30, 203. No additional investments were made during the year. Be sure to complete the statement heading. Peter so the last of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign Finders investigative Services Statement of Owner's Equity (Label) 3 4 3 eBook Print Item Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Balance Sheet Finders Investigative Services Balance Sheet (Label) + Assets 2 Label 3 4 5 6 ube 31 18 31 Liabilities * Label Check My Work 3 more Check My Work uses remaining Email Instructor Balance Sheet 5 6 7 8 (Label) 9 10 11 12 13 Liabilities 14 (Label) 15 16 17 19 Owner's Equity 20 21 Check M. Moram gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Book Print Item Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Journal PAGE 11 JOURNAL ACCOUNTING EQUATION DATE POST. REF DEBIT CREDIT ASSETS LIABILITIES DESCRIPTION Closing Entries EQUITY 2 3 4 I 3 8 51 12 11 14 Check My Work more Check My Work uses remaining