the first three pages are the instructions please complete the worksheet on page 4

Surian Motors Company prepared a trial balance on the following partially completed worksheet for the year ended December 31, 2019. SURIAN MOTORS COMPANY Worksheet For the Year Ended December 31, 2019 Trial Balance Trial Balance Adjustments Adjustments ind Stat 2 Account Credit Debit Credit D Debit 2.500.00 Cash 4.000.00 Accounts Receivable Allowance for Doubtful Accounts 300.00 3.200.00 5.600.00 Inventory Prepaid Rent Equipment Accumulated Depreciation 50.000.00 12,000.00 3.700.00 10 Accounts Payable 11 Note Payable Common Stock /1,000 stures) 11 Tetained Earnings (1/1/191 Dividendi 5,000.00 8,900.00 10.200.00 1.000.00 45,000.00 21.000.00 Sales Revenues 10 Cost of Goods Sold Stories Expense Uits Expense 210000 300.00 Advertising Expense Totals 4.400.00 $85.000.00 20 $85.100.00 Additional information: (a) The equipment is being depreciated on a straight-ine basis over a 10-year life, with no residual value; (b) salaries accrued but not recorded total $500 (c) on January 1, 2019. the company had paid 3 years" rent in advance at $100 per month: (d) bad debts are expected to be 1% of total sales() interest of $400 has accrued on the note payable, and () the income tax rate is 40% on current income and will be paid in the first quarter of 2020. Required: 1. Complete the worksheet 2. Prepare financial statements for 2019, 3. Prepare closing entries in the general journal CHART OF ACCOUNTS Surian Motors Company General Ledger REVENUE 411 Stesen ASSETS 111 Cash 121 Accounts Receivable 122 Allowance for Doute Accounts 130 Inventory 151 Prepaid Reet 152 Supplies 180 Land 181 Equipment 180 Accumulated Depreciation EXPENSES 500 cost of Goods Sold SiS Supplies Expense 517 Uits Expense 521 Salaries Expense 564 Depreciation Expense 612 Bal Debt Experie 513 Rent Expense 625 Advertising Expense 711 Interest Expense 910 income Tax Expen LIABILITIES 211 Accounts Payable 221 Note Payable 224 Interest Payable 230 Salanes Payable 201 Income Taxes Payable EQUITY 315 Common Stock 331 Retained Eamings 351 Dividende 301 Income Summary Label and Amount Descriptions Lates Contributed Cat Current set Current December 31, 2010 For Your Brod Dember 31, 2017 Long Operating expenses Omer Property Pant, and on Amount Design Dividende for 2010 Earnings per share Grossrol rome before non recome operation Netcome Net income for 2010 Nation Netes 2010 Retained ang December 2010 Artained earning day1.2010 Touren Toutes has The Lang Shery Tot operating in Total propery, purtand our Toka Shareholders'Euty Workahol Come w Account 2.500.00 400000 Amount Revale lowance for Double 3000 00.00 600.00 30.000 12.00 Prepaiden Forest Accumulated Depreciation Amounts Payable Note Payable Common Stock (1.000 stures Retained Earnings // Dividendi Sales Revenues Cost of Goods Sold 5.000 ES 3078000 1000 45,000.00 2.000.00 30000 300.00 Advertising Diperse 440000 Retired Earning 12/31/19)