The adjusted trial balance columns of the worksheet for Thao Company, owned by D. Thao, are as follows.

Instructions
(a) Complete the worksheet by extending the balances to the financial statement columns.
(b) Prepare an income statement, owner€™s equity statement, and a classified balance sheet. ($5,000 of the notes payable become due in 2018.) D. Thao did not make any additional investments in the business during the year.
(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 trialbalance.

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THAO COMPANY Worksheet For the Year Ended December 31, 2017 Adjusted Trial Balance Account No Account Titles Dr Cr 5,300 10,800 1,500 2,000 27,000 101 112 126 130 157 158 200 201 212 230 301 306 400 610 631 as Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable 5,600 15,000 6,100 2,400 600 13,000 Accounts Payable Salaries and Wages Payable Interest Payable Owner's Capital Owner's Drawings 7,000 Service Revenue 61,000 Advertising Expense Supplies Expense 8,400 4,000 5,600 3,500 28,000 600 103,700 Depreciation Expense Insurance Expense 722 726 905 Salaries and Wages Expense Interest Expense Totals 103,700