Return to Blackboard IS Weygande, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Account No. Dr. art 101 112 130 157 158 201 212 301 Cullumber Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account Titles Cr. Dr. Cr. Cash 8,700 Accounts Receivable 10,600 Prepaid Insurance 2,700 Equipment 23,600 Accumulated Depreciation Equip. 4,600 Accounts Payable 8,800 Salaries and Wages Payable 2,400 Owner's Capital 19,700 Owner's Drawings 12,400 Service Revenue 60,500 Maintenance and Repairs Expense 1,600 Depreciation Expense 2,900 Insurance Expense 1,700 Solaries and Wages Expense 30,400 Utilities Expense 1,400 Totals 38,000 60,500 58,000 35,500 Net Income 22,500 22,500 60.500 60,500 58,000 58,000 udy 306 400 622 711 722 726 732 (1) Your answer is correct. Prepare an income statement. (Enter negative amounts using either a negative sign preceding the numbers.g. -45 or parentheses eg. (45).) CULLUMBER COMPANY Return to Blackboard US Wendt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College T (b) Prepare the closing entries. L. Culumber did not make any additional Investments during the year. (Credit account bites are automatically manually.) on) Date Account Tities and Explanation Debit Credit Dec 31 (To dos revenue account) Dec 31 tudy Todose expense count) Dec 11 (to close to Dec 31 Ties Click If you would like to show Work for this questions On Show Work THONT ACCOUNT LE 21 3 4 5 6 7 8 7