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The balances in the ledger of Landscape Services as of December 31, 2016 before adjustments are as follows: Cash -debit $ 14,500 Tim Welch, Capital

The balances in the ledger of Landscape Services as of December 31, 2016 before adjustments are as follows:

Cash -debit

$ 14,500

Tim Welch, Capital - credit

$33,050

Supplies - debit

4,150

Tim Welch, Drawing - debit

2,900

Prepaid Insurance - debit

8,700

Service Revenue - credit

52,500

Equipment - debit

42,000

Salary Expense debit

Supplies Expense

Depreciation Expense

Insurance Expense

26,600

0

0

0

Accumulated

Rent Expense - debit

5,000

Depreciation credit

Salaries Payable

20,200

0

Miscellaneous Expense - debit

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 31 , 2016.

Part 2

On thOn the basis of the adjustment data in the work sheet, journalize the adjusting entries.

Part 3

On thOn the basis of the data in the work sheet, journalize the closing entries.

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