SNAPPR PHOTOGRAPHY COMP. ADJUSTED TRIAL BALANCE JANUARY 31,2018 DE CE CASH 13.030 ACCOUNTS RECEIVABLE 122.500 OFFICE SUPPLIES 2 500 PREPAID RENT 115.000 EQUIPMENT 150 000 ACCOUNTS PAYABLE 55.000 NOTES PAYABLE 42.730 COMMON STOCK 100.000 DIVIDEND 5.000 SERVICE REVENUE 10.600 WAGES EXPENSE 15.000 ELECTRICITY EXPENSE 3.000 1300 GOOGLE FIBER (INTERNET PROVIDER) EXPENSE 208 130208 320 Instructions: (a) Post the transactions to ledger (13 points) (b) Prepare an income statement for January 31, 2018 (5 points) (c) Prepare a retained earnings statement for January 31, 2018 (5 points) (d) Prepare a balance sheet at January 31 (11 points) (e) Prepare the closing entries using the ledger (choose a different color when closing the accounts, or identify them as "closing entry") (13 points) TOTAL 47 POINTS=100 SNAPPR PHOTOGRAPHY COMP. ADJUSTED TRIAL BALANCE, JANUARY 31,2018 Dr. Cr. CASH 15.030 ACCOUNTS RECEIVABLE 2.500 OFFICE SUPPLIES 2.500 PREPAID RENT 15.000 EQUIPMENT 150.000 ACCOUNTS PAYABLE 55.000 NOTES PAYABLE 42.730 COMMON STOCK 100.000 DIVIDEND 5.000 SERVICE REVENUE 10.600 WAGES EXPENSE 115.000 ELECTRICITY EXPENSE 3.000 300 GOOGLE FIBER (INTERNET PROVIDER) EXPENSE 208.330 208.330 Instructions : (a) Post the transactions to ledger (13 points) (b) Prepare an income statement for January 31, 2018 (5 points) (c) Prepare a retained earnings statement for January 31, 2018 (5 points) (d) Prepare a balance sheet at January 31 (11 points) (e) Prepare the closing entries using the ledger (choose a different color when closing the accounts, or identify them as "closing entry") (13 points) TOTAL 47 POINTS= 100