The completed financial statement columns of the worksheet for Oriole Company are shown as follows:

Oriole Company Worksheet For the Year Ended December 31, 2020
				Income Statement				Balance Sheet
Account No.		Account Titles		Dr.		Cr.		Dr.		Cr.
101		Cash						8,900
112		Accounts Receivable						10,700
130		Prepaid Insurance						2,600
157		Equipment						23,800
158		Accumulated DepreciationEquip.								4,300
201		Accounts Payable								8,800
212		Salaries and Wages Payable								2,300
301		Owners Capital								19,800
306		Owners Drawings						11,400
400		Service Revenue				59,900
622		Maintenance and Repairs Expense		1,600
711		Depreciation Expense		3,100
722		Insurance Expense		1,700
726		Salaries and Wages Expense		29,900
732		Utilities Expense		1,400
		Totals		37,700		59,900		57,400		35,200
		Net Income		22,200						22,200
				59,900		59,900		57,400		57,400

12 ab Your answer is partially correct. Try again. 12 al.a2-b Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the Owner's Capital 01Aa-d -03A a-d No. 301 X 19800 -05A a-9 1/1 Bal M 12/31 11400 12/31 22200 re ults by tive 12/31 Bal. 30600 Owner's Drawings No. 306 12/31 11400|| 12/31 11400 Income Summary No. 350 12/31 37700||| 12/31 59900 12/31 22200 Service Revenue No. 400 12/31 59900 12/31 V 59900 Maintenance and Repairs Expense No. 622 X 12/31 3100 12/31 3100 Depreciation Expense No. 711 X 12/31 V 1600 12/31 1600 Insurance Expense No. 722 X 12/31 1400 12/31 1400 Salaries and Wages Expense No. 726 12/31 29900 || 12/31 29900 Utilities Expense No. 732 X 12/31 1700 || 12/31 1700 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. O