The account balances (in thousands) appearing on the trial balance (below) were taken from the general ledger of Yang Bakery at October 31. Additional information (in thousands) for the month of October which has not yet been recorded in the accounts is as follows: (a)A physical count of supplies indicates ¥500 on hand at October 31. (b)The amount of insurance that expired in the month of October was ¥200. (c)Depreciation on equipment for October was ¥400. (d)Salaries owed for the month of October was ¥1,100 but will not be paid until November. 

Instructions 

a.Using the above information, complete the worksheet on the following page for Yang Bakery for the month of October. 

b.Prepare a balance sheet/statement of financial position, an income statement, and a retained earnings statement. 

c.Prepare closing entries.