The trail balance for the period ended on 30/12/1430

Account	Trail Balance		Adjustments		Adjusted Trail Balance		Income Statement		Balance Sheet
	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	15000
Car	50000
Acc. Payable		3000
Supplies	2000
Revenue		50000
Salary	11000
Insurance	1800
Rent	24000
Dividends	1000
Retained Earnings		21800
Common Stock		30000
Total	104800	104800

Other Data

• 200 of Supplies have remained at the end year.
• The insurance is for 3 years starting 1/10/1430
• Services provided during the period ended on 30/12/1430, but not recorded as of the 30/12/1430 worth of 1,000.
• The depreciation expense for the period ended on 30/12/1430 is 5,000.
• Salary expense listed above is for eleven months. The salary for December has not been paid yet.

Required:

1. Prepared the worksheet.
2. Prepare the balance sheet and the income statement.
3. Journalize the closing entries

Hints (to check your solutions):

Total of Trail Balance after adjustments: 110,800.

Net income: 6050

Total assets 67850