Cynthia Elmer, CPA, had the following partial worksheet:

Requirements
1. Complete the worksheet.
2. Prepare the closing entries for Cynthia Elmer, CPA.

Transcribed Image Text:

CYNTHIA ELMER, CPA Worksheet December 31, 2018 Adjusted Trial Balance Unadjusted Trial Balance Adjustments Balance Sheet Income Statement Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit $ 46,900 $ 46,900 Cash (h) $ 3,700 Accounts Receivable 9,600 13,300 Office Supplies 800 500 (b) 300 Prepaid Rent Land 4,700 8,000 3,300 (a) 35,000 35,000 Building Accumulated Depreciation-Building 125,000 125,000 1,150 (c) 1,150 Furniture 28,000 28,000 Accumulated Depreciation-Furniture Accounts Payable 2,000 (d) 2,000 3,500 3,500 Utilities Payable Salaries Payable Interest Payable 710 710 4,200 (f) 4,200 500 (g) 500 Unearned Revenue 1,300 5,000 (e) 3,700 Notes Payable 15,000 15,000 Common Stock 118,000 118,000 Retained Earnings Dividends 118,090 118,090 29,000 29,000 5,000 (e,h) Service Revenue 95,000 100,000 Rent Expense Salaries Expense 20,000 (a) 3,300 23,300 28,000 (f) 4,200 32,200 Supplies Expense Utilities Expense (Б) 500 500 25,000 25,000 Depreciation Expense-Building (c) 1,150 1.150 (d) 2,000 Depreciation Expense-Furniture 2,000 Interest Expense (g) 500 500 Total $ 355,300 $ 355,300 $ 16,650 S 16,650 $ 366,850 $ 366,850