Susan Elbe is preparing a worksheet. Explain to Susan how she should extend the following adjusted trial balance accounts to the financial statement columns of the worksheet. 9. 10. The worksheet for Hancock Company shows the following in the financial statement columns: Owner's Drawings $15,000 Owner's Capital $42,000 Net income $18,000 . Prepare the closing entries at December 31 that affect owner's capital 11. CASE 1: On May 10, Mercato Co. journalized and posted a $50 cash collection on account from a customer as a debit to Cash $50 and a credit to Service Revenue $50. The company discovered the error on May 20, when the customer paid the remaining balance in full. 12. CASE 2: On May 18, Mercato purchased on account equipment costing $450 The transaction was journalized and posted as a debit to Equipment $45 and a credit to Accounts Payable $45. The error was discovered on June 3. 13. Sanchez Company discovered the following errors made in January 2017 A payment of Salaries and Wages Expense of $600 was debited to Supplies and credited to Cash, both for $600. Correct the error without reversing the incorrect entry