Question: Using the ledger balances and additional data shown, do the following for Meyer Lumber for the year ended December 31, 202X: a. Prepare the worksheet.

Using the ledger balances and additional data shown, do the following for Meyer Lumber for the year ended December 31, 202X:
a. Prepare the worksheet.
b. Prepare the income statement, statement of owner’s equity, and balance sheet.
c. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.)
d. Prepare a post-closing trial balance.
e. Journalize the reversing entry for wages.

Account Balances for Meyer Lumber Account No. 110 111 112 113 114

121 122 220 Cash Accounts Receivable Merchandise Inventory Lumber Supplies Prepaid Insurance

Lumber Equipment Accumulated Depreciation, Lumber Equipment Accounts Payable $ 1,680 960 4,550

Account Balances for Meyer Lumber Account No. 110 111 112 113 114 121 122 220 Cash Accounts Receivable Merchandise Inventory Lumber Supplies Prepaid Insurance Lumber Equipment Accumulated Depreciation, Lumber Equipment Accounts Payable $ 1,680 960 4,550 269 218 3,000 490 1,160

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a Prepare the Worksheet Heres the worksheet for Meyer Lumber Account Titles Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Debit Cash 1680 1680 1680 Accounts Receivabl... View full answer

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