VOLUIGUI Print item Financial Statements and Closing Entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance prepared the end-of-period spreadsheet that follows at June 30, 2013, the end of the fiscal year. Last Chance Company End-of-Period Spreadsheet For the Year Ended June 30, 20Y3 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Dr. Cr. Dr. Cr. Cash 5,100 5,100 22,750 3,600 Accounts Receivable Prepaid Insurance Supplies 3,750 1,300 2,025 1,500 26,500 2,300 525 80,000 340,000 Land 80,000 340,000 190,000 3,000 193,000 140,000 140,000 54,450 4,550 9,750 1,900 Building Accum. Depr.--Building Equipment Accum. Depr-Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Rent Revenue 59,000 9,750 1,900 1,500 90,000 271,300 3,000 4,500 90,000 271,300 20,000 20,000 280,000 3,750 3,000 283,750 3,000 Previous Walculator Printem Rent Revenue 3,000 3,000 145, 100 86,800 1,900 30,000 18,750 Salaries & Wages Expense Advertising Expense Utilities Expense Travel Expense Depr. Exp.-Equipment Depr. Exp.-Building Supplies Expense Insurance Expense Misc. Expense 147,000 86,800 30,000 18,750 4,550 4,550 3,000 3,000 1,500 1,500 1,300 5,875 900,000 1,300 5,875 913,200 900,000 19,000 19,000 913,200 Required: 1. Prepare an income statement for the year ended June 30, 2013. Last Chance Company Income Statement For the Year Ended June 30, 2013 Revenues: Total revenues Expenses: Pem Total expenses 2. Prepare a statement of stockholders' equity for the year ended June 30, 2013. During the year ended June 30, 2013, additional common stock of $20,000 was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Last Chance Company Statement of Stockholders' Equity For the Year Ended lune 30, 2013 Common Stock Retained Earnings Total 3. Prepare a balance sheet as of June 30, 20Y3. Last Chance Company Balance Sheet June 30, 2013 Assets Current assets: Total current assets Property, plant, and equipment: Previous Check My Work 2 more Check My Work uses remaining TS Email Instructor All work saved. Submit Assignment for Grading Save and Exit HUDUW Calculator Total abilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 4. On the basis of the end-of-period spreadsheet, journalize the dosing entries. If an amount box does not require an entry, leave it blank. 20Y3 Jun 30 2013 Jun. 30 yol Uutlook Web App Citroe eBook Staples Mattressfirm.com Show Me How Calculator Print item 2013 Iun. 30 5. Prepare a post-closing trial balance. List the accounts as: Assets, Liabilities, Capital, Dividends, Revenue and Expenses. If an amount box does not require an entry, leave it blank. Last Chance Company Post Closing Trial Balance June 30, 20Y3 Debit Balances Credit Balances