* Requirements c. e. a. A physical count of the inventory at the end of the month revealed the cost was $1,642 b. The company estimated sales returns will be $100 with a cost of $50. Office supplies used, $120. d. The Unearned Revenue has now been earned. Interest expense accrued on the notes payable, $110. f. Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where the company stores the canoes On December 31, the company recorded one month's worth of rent expense for the month of December in the amount of $1,300.) g. Monthy depreciation on the building amounts to $800. h. Monthy depreciation on the canoes amounts to $310 3. Prepare the month ended January 31, 2019, single step income statement of Golden Lake Company 4. Journalize and post the closing entries Omit explanations Denote each closing amount as Clo, and each balance as Bal. After posting all closing entries, prove the equality of debits and credits in the ledger by preparing a post-closing trial balance 5. Compute the gross profit percentage for January for Golden Lake Company Print Done o a * Requirements c. e. a. A physical count of the inventory at the end of the month revealed the cost was $1,642 b. The company estimated sales returns will be $100 with a cost of $50. Office supplies used, $120. d. The Unearned Revenue has now been earned. Interest expense accrued on the notes payable, $110. f. Rent of one month has been used. (On December 1, the company prepaid $3,900 for three months' rent on the warehouse where the company stores the canoes On December 31, the company recorded one month's worth of rent expense for the month of December in the amount of $1,300.) g. Monthy depreciation on the building amounts to $800. h. Monthy depreciation on the canoes amounts to $310 3. Prepare the month ended January 31, 2019, single step income statement of Golden Lake Company 4. Journalize and post the closing entries Omit explanations Denote each closing amount as Clo, and each balance as Bal. After posting all closing entries, prove the equality of debits and credits in the ledger by preparing a post-closing trial balance 5. Compute the gross profit percentage for January for Golden Lake Company Print Done o a