Beacon Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Beacon Company prepared the end-of-period spreadsheet shown on the next page at October 31, 2012, the end of the current fiscal year.

Instructions1. Prepare an income statement for the year ended October 31.2. Prepare a retained earnings statement for the year ended October 31.3. Prepare a balance sheet as of October 31.4. Based upon the end-of-period spreadsheet, journalize the closing entries.

5. Prepare a post-closing trial balance.

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DIE Beacon Company End-of-Period Spreadsheet For the Year Ended October 31, 2012 A B F G 1 4 Unadjusted Adjusted 5 Trial Balance Adjustments Dr. Trial Balance 6 Account Title Dr. Cr. Cr. Dr. Cr. 5,800 7 Cash 8 Accounts Receivable 9 Prepaid Insurance 10 Supplies 5,800 18,900 (a) 3,300 22,200 4,200 2,730 98,000 200,000 (b) 2,500 (c) 1,730 1,700 1,000 98,000 200,000 11 Land 12 Building 13 Accum. Depr.-Building 14 Equipment 15 Accum. Depr.-Equipment 16 Accounts Payable 17 Salaries & Wages Payable 18 Unearned Rent 19 Capital Stock 20 Retained Earnings 21 Dividends 22 Fees Revenue 23 Rent Revenue 24 Salaries & Wages Expense 100,300 (d) 1,600 101,900 101,000 101,000 85,100 5,700 88,300 5,700 1,800 1,100 25,000 78,100 (e) 3,200 () 1,800 2,100 (g) 1,000 25,000 78,100 10,000 10,000 303,700 (a) 3,300 (9) 1,000 307,000 1,000 113,100 21,700 (f) 1,800 114,900 21,700 25 Advertising Expense 26 Utilities Expense 27 Repairs Expense 28 Depr. Exp.-Equipment 29 Insurance Expense 30 Supplies Expense 31 Depr. Exp.-Building 32 Misc. Expense 11,400 8,850 11,400 (e) 3,200 (b) 2,500 (c) 1,730 (d) 1,600 8,850 3,200 2,500 1,730 1,600 4,320 609,900 4,320 33 600,000 600.000 15,130 15,130 609,900