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Zinco Corp is a sporting goods store located in Washington State. At the end of the companys calendar year on December 31, 2019, the following

Zinco Corp is a sporting goods store located in Washington State. At the end of the companys calendar year on December 31, 2019, the following accounts appeared in two of its trial balances.

Unadjusted

Adjusted

Accounts Payable

$79,300

$80,300

Accounts Receivable

$50,300

$50,300

Accumulated Depr.Buildings

$42,100

$52,500

Accumulated Depr.Equipment

$29,600

$42,900

Buildings

$290,000

$290,000

Cash

$23,800

$23,800

Cost of Goods Sold

$412,700

$412,700

Depreciation Expense

$23,700

Equipment

$110,000

$110,000

Insurance Expense

$7,200

Interest Expense

$3,000

$12,000

Interest Payable

$9,000

Interest Revenue

$4,000

$4,000

Inventory

$75,000

$75,000

Mortgage Payable

$80,000

$80,000

Owners Capital

$176,600

$176,600

Owners Drawings

$28,000

$28,000

Prepaid Insurance

$9,600

$2,400

Property Tax Expense

$4,800

Property Taxes Payable

$4,800

Salaries and Wages Expense

$108,000

$108,000

Sales Commissions Expense

$10,200

$14,500

Sales Commissions Payable

$4,300

Sales Returns and Allowances

$8,000

$8,000

Sales Revenue

$728,000

$728,000

Utilities Expense

$11,000

$12,000

Instructions

(a) Prepare a multiple-step income statement, an owners equity statement, and a classified balance sheet. $25,000 of the mortgage payable is due for payment next year.

(b) Journalize the adjusting entries that were made.

(c) Journalize the closing entries that are necessary.

No formats were given, just what I posted above

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