Requirement 1. Complete the worksheet for

San MarcosSan Marcos

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.

San Marcos Veterinary Hospital

Worksheet

December 31, 2018

	Adjusted		Income
	Trial Balance		Statement
Account Names	Debit	Credit	Debit	Credit
Cash	$29,300
Accounts Receivable	11,100
Office Supplies	1,150
Prepaid Rent	4,100
Equipment	26,000
Accumulated DepreciationEquipment		$1,600
Accounts Payable		3,600
Utilities Payable		280
Salaries Payable		1,475
Unearned Revenue		10,400
Common Stock		34,000
Retained Earnings		39,620
Dividends	18,000
Service Revenue		47,900
Rent Expense	22,900
Salaries Expense	12,475
Supplies Expense	250
Utilities Expense	12,000
Depreciation ExpenseEquipment	1,600
Total	$138,875	$138,875
	Net income or loss

Balance
Sheet
Debit	Credit

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 Dividends.

Date			Accounts and Explanation	Debit	Credit
Dec. 31
Clos. (4)

Requirement 3. Prepare a? post-closing trial balance.

Review the closing entries you prepared in Requirement 2.

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San Marcos Veterinary Hospital
Post-Closing Trial Balance
December 31, 2018
		Balance
	Account Title	Debit	Credit
	Total

San Marcos Veterinary Hospital Worksheet December 31, 2018 Adjustments Unadjusted Trial Balance Adjusted Trial Balance Income StatementBalance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $ 29,300 9,800 1,400 5,000 26,000 $ 29,300 11,100 1,150 4,100 26,000 Accounts Receivable ( S 1,300 Office Supplies Prepaid Rent Equipment Accumulated Depreciation- Equipment Accounts Payable Utilities Payable Salaries Payable Unearned Revenue Common Stock (b) $ 250 (a) 90 (c) 1,600 1,600 3,600 3,600 (e) 1,475 12,000 (d) 1,600 34,000 39.620 1,475 10.400 34,000 39,620 Retained Earnings 18,000 18,000 Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense-Equipment Total 45,000 (d, f 2,900 47,900 22,000 11,000 22,900 12,475 250 12,000 1,600 (e) 1,475 12,000 (c) 1,600 $ 134,500 S 134,500 S 7,125 $ 7,125 $ 138,875 $ 138,875