Problem 4-2A

The adjusted trial balance columns of the worksheet for Alshwer Company are as follows.

ALSHWER COMPANY

Worksheet

For the Year Ended December 31, 2017

Adjusted Trial Balance

Account No.

Account Titles

Dr.

Cr.

101 Cash 5,400

112 Accounts Receivable 10,600

126 Supplies 1,600

130 Prepaid Insurance 2,100

157 Equipment 27,500

158 Accumulated DepreciationEquipment 5,000

200 Notes Payable 12,300

201 Accounts Payable 6,100

212 Salaries and Wages Payable 2,700

230 Interest Payable 500

311 Common Stock 13,500

320 Retained Earnings 3,800

332 Dividends 7,000

400 Service Revenue 59,600

610 Advertising Expense 8,400

631 Supplies Expense 4,100

711 Depreciation Expense 5,000

722 Insurance Expense 3,700

726 Salaries and Wages Expense 27,600

905 Interest Expense

500

Totals

103,500

103,500

**COMPLETE THE WORKSHEETS BY EXXTENDING THE BALANCES TO THE FINANCIAL STATEMENT COLUMNS, PREPARE INCOME STATEMENT,RETAINED EARNINGS STATEMENT, BALANCE SHEET,PREPARE THE CLOSING ENTRIES, POST THE CLOSING ENTRIES,AND PREPARE A POST-CLOSING TRIAL BALANCE**