Ayayai Company Worksheet For the Year Ended December 31, 2019 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 112 8,800 11,000 3,000 23,900 130 157 158 201 212 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation--Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 4,600 8,800 2,400 11,900 7,800 311 320 332 149500 400 60,300 622 711 1,400 3,000 1,900 30,100 722 726 Ayayai Company Worksheet For the Year Ended December 31, 2019 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 112 8,800 11,000 3,000 23,900 130 157 158 201 212 311 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 4,600 8,800 2,400 11,900 7,800 320 332 11,500 400 60,300 622 711 1,400 3,000 1,900 30,100 722 726 Account No. Account Titles Dr. Cr. Dr. Cr. 101 112 8,800 11,000 3,000 23,900 130 157 158 201 212 4,600 8,800 2,400 11,900 7,800 311 320 332 400 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Common Stock Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 11,500 60,300 622 711 722 726 1,400 3,000 1,900 30,100 1,200 37,600 22,700 732 60,300 58,200 35,500 22,700 58,200 60,300 60,300 58,200 (b) Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not inde Debit Credit Date Account Titles and Explanation Dec. 31 (To close revenue account.) Dec. 31 (To close expense accounts.) Dec. 31 Akulinn of Inhn Wiley & Sons, Inc. (To close expense accounts.) Dec. 31 (To close net income / (loss).) Dec. 31 (To close dividends.)