The adjusted trial balance columns of the worksheet for Bleecker Street, Ltd., owned by Raymond Pearson, are as follows.

Instructions
(a) Complete the worksheet by extending the balances to the financial statement columns.
(b) Prepare an income statement, a retained earnings statement, and a classified statement of financial position (amounts in British pounds).
(c) Prepare the closing entries. Use J14 for the journal page.
(d) Post the closing entries. Use the three-column form of account. Income Summary is No. 350.
(e) Prepare a post-closing trial balance.

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BLEECKER STREET, LTD Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No. 101 112 126 130 157 158 200 201 212 230 311 320 332 400 610 631 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Share Capital-Ordinary Retained Earnings Dividends Service Revenue Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense 5,300 10,800 1,500 2,000 27,000 5,600 15,000 4,600 2,400 600 10,000 4,200 5,000 59,000 8,400 4,000 5,600 3,200 28,000 600 722 726 905 Totals 101,400 101,400