Problem 4-3A

The completed financial statement columns of the worksheet for Concord Company are as follows.

Concord Company Worksheet For the Year Ended December 31, 2019
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						9,000
112		Accounts Receivable						10,800
130		Prepaid Insurance						2,700
157		Equipment						23,600
158		Accumulated DepreciationEquip.								4,300
201		Accounts Payable								9,100
212		Salaries and Wages Payable								2,300
311		Common Stock								19,400
320		Retained Earnings								8,100
332		Dividends						19,000
400		Service Revenue				59,800
622		Maintenance and Repairs Expense		1,600
711		Depreciation Expense		2,900
722		Insurance Expense		1,900
726		Salaries and Wages Expense		30,100
732		Utilities Expense		1,400
		Totals		37,900		59,800		65,100		43,200
		Net Income		21,900						21,900
				59,800		59,800		65,100		65,100

Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part.)

Retained Earnings
No. 320
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Dividends
No. 332
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Income Summary
No. 350
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Service Revenue
No. 400
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Maintenance and Repairs Expense
No. 622
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Depreciation Expense
No. 711
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Insurance Expense
No. 722
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Salaries and Wages Expense
No. 726
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.
Utilities Expense
No. 732
12/31 Bal.12/311/1 Bal.		12/31 Bal.12/311/1 Bal.