The balances in the ledger of Landscape Services as of December 31, 2007 before adjustments, are as follows:

Cash	$ 4,500		Tim Welch, Capital	$33,050
Supplies	4,150		Tim Welch, Drawing	2,900
Prepaid Insurance	8,700		Service Revenue	52,500
Equipment	42,000		Salary Expense	26,600
Accumulated			Rent Expense	5,000
Depreciation	10,200		Miscellaneous Expense	1,900

Adjustment data are as follows: supplies on hand, December 31, $1,000; insurance expired for December, $900; depreciation on equipment for December, $1,500; salaries accrued, December 31, $1,000.

(a)	Prepare a ten-column work sheet for Landscape Services for December, 2007.
(b)	On the basis of the work sheet in (a), present the following in good order: (1) income statement, (2) statement of owner's equity (no additional investments were made during the month), and (3) balance sheet.
(c)	On the basis of the work sheet in (a), journalize the closing entries as of December 31, 2007.