The trail balance for the period ended on 30/12/1431

Account	Trail Balance	Adjustments	Adjusted Trail Balance	Income Statement	Balance Sheet
Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.	Dr.	Cr.
Cash	10,000
Supplies	5,000
Equipment	15,000
Prepaid insurance	2,400
Account Receivables	1,000
Accumulated Depreciation		6,000
Account payable		5,000
Notes payable		1,900
Salaries	11,000
Rent	6,000
Revenues		21,000
Dividends	500
Retained Earnings		3,500
Common Stock		13500
	50,900	50,900

Other Data

• 1,200 of Supplies have remained at the end year.
• The insurance is for two years starting 1/7/1431
• The rent is for one year starting 1/3/1431
• Services provided during the period ended on 30/12/1431, but not recorded as of the 30/12/1431 worth of 1,500.
• The depreciation expense for the equipment the period ended on 30/12/1431 is 3,000.
• Salary expense listed above is for 11 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