Weygandt, Financial Accounting: IFRS, 3e -actice Assignment Gradebook ORION Downloadable eTextbook gnment CALCULATOR FULL SCREEN Brief Exercise 4-8 The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by selecting numbers 1-9. Prepare a trial balance. (a) (b) Journalize the transactions. (c) Journalize and post closing entries. Prepare financial statements. (1) Journalize and post adjusting entries. Post to ledger accounts. Prepare a post-closing trial balance. Prepare an adjusted trial balance. Analyze business transactions. CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 4-9 (Part Level Submission) Sunland Company ended its fiscal year on July 31, 2017. The company's adjusted trial balance as of the end of its fiscal year is shown below: Credit SUNLAND COMPANY Adjusted Trial Balance July 31, 2017 No. Account Titles Debit 101 Cash 8,357 112 Accounts Receivable 8,873 157 Equipment 16,163 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 311 Share Capital - Ordinary 320 Retained Earnings 332 Dividends 11,729 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 5,301 726 Salaries and Wages Expense 56,610 732 Utilities Expense 15,335 122,368 E5,401 2,427 3,926 20,686 20,317 in 01 Bents this c ted as ,000 63,193 6,418 E122,368 Prepare an income statement for the year. (If the amount for net income is negative, enter negative amounts using either a negative sign preceding the number, e.g.-45 or parentheses e.g. (45).) SUNLAND COMPANY Income Statement