Problem 1 of 3

A The Adjusted Trial Balance of WasFen Sports Center is listed below: G VayFen Sports Center Adjusted Trial Balance 31-Dec-18 Cash Credit Accounts Receivable $7.800 Note Receivable $12.900 Prepaid Insurance $9.200 $4.300 Supplies Furniture $2.800 $42.300 Accumulated Depreciation-Furniture Building $7.300 $59.500 Accumulated Depreciation-Building Accounts Payable $43.700 Note Payable $17.400 $5.500 Salary Payable $4.500 Unearned Service Revenue $5.800 V. Fen, Capital $40.900 V. Fen, Withdrawals $32.100 Service Revenue $74.100 Salary Expense $17.700 Supplies Expense $6.400 Depreciation Expense $2.900 Advertising Expense $800 Insurance Expense $500 $199.200 199,200 Required: Prepare VayFen's Financial Statements as of December 31, 2018 39 Prepare WayFen's Closing Entries as of December 31, 2018 49 T-accounts may be helpful but are not required