Requirement 1. Complete the worksheet for Carter Veterinary Hospital.
Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step.
Requirement 2 Prepare the closing entries. (Records debit first, then credits. Select the explanation on the last line of the journal entry table.)
Requirement 3. Prepare a post-closing trial balance
i More Info - X a. Unearned Revenue earned during the year, $900. b. C. Office Supplies on hand, $1,000. Depreciation for the year, $3,000. Accrued Salaries Expense, $6,000. Accrued Service Revenue, $10,000. d. e. Print Done i Abbreviations Used - X Acct. Account A/R Accounts Receivable Supp. Supplies Accumulated Depreciation-Equipment A/D-Equip A/P Accounts Payable Pay. Payable Unearn. Rev. Unearned Revenue N/P (l/t) Notes Payable (long-term) . . Capital W/D Withdrawals Rev. Revenue Ins. Exp. Insurance Expense Exp. Expense Depr. Exp. Depreciation Expense-Equipment Print Done Data Table A B D E F G H 1 J K L M Carter Veterinary Hospital Worksheet 2 3 December 31, 2018 4 Income Statement Balance Sheet Unadjusted Trial Balance Debit Credit Adjustments Debit Credit Adjusted Trial Balance Debit Credit 5 Account Names Debit Credit Debit Credit 6 Cash $ 26.900 $ 26,900 9,200 () $ 1,100 10,300 900 (b)||$ 250 650 (a) 450 7,550 8,000 24,000 24,000 (c) 1,700 $ 1,700 7 Accounts Receivable 8 Office Supplies 9 Prepaid Rent 10 Equipment 11 Accumulated Depreciation-Equipment 12 Accounts Payable 13 Utilities Payable 14 Salaries Payable 15 Unearned Revenue 16 Carter, Capital 17 Carter, Withdrawals $ 3,900 3,900 270 270 (e) 1.275 1,275 11,000|| (d) 500 10,500 81,330 81,330 17,000 17,000 18 Service Revenue 25,000 (d, f) 1,600 26,600 15,000 (a 450 15.450 13,000 (e) 1,275 14,275 19 Rent Expense 20 Salaries Expense 21 Supplies Expense 22 Utilities Expense 23 Depreciation Expense-Equipment (b) 250 7,500 250 7,500 1,700 (c) 1,700 $ 121,500 $ 121,500 24 Total $ 5,275 $ 5,275 125,575 125,575$ Requirement 1. Complete the worksheet for Carter Veterinary Hospital. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Carter Veterinary Hospital Worksheet December 31, 2018 Income Balance Adjusted Trial Balance Statement Sheet Account Names Debit Credit Debit Credit Debit Credit Cash 26,900 10,300 650 7.550 24,000 $ 1,700 3,900 270 1,275 Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Carter, Capital Carter, Withdrawals Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense 10,500 81,330 17,000 26,600 || 15,450 14,275 250 7,500 1,700 Depreciation Expense-Equipment $ 125,575$ 125,575 Total Net income or loss Requirement 2. Prepare the closing entries (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (1) Close expenses for the period. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (2) Close Income Summary Date Accounts and Explanation Debit Credit Dec. 31 Clos. (3) Close withdrawals. Date Accounts and Explanation Debit Credit Dec. 31 Clos. (4) Requirement 3. Prepare a post-closing trial balance. Carter Veterinary Hospital Post-Closing Trial Balance December 31, 2018 Balance Account Title Debit Credit Total Choose from any list or enter any number in the input fields and then continue to the next
