Start from the posted T-accounts and the adjusted trial balance that Haupt Consulting prepared for the company at December 31.

Requirements 

1. Complete the accounting work sheet at December 31.
2. Journalize and post the closing entries at December 31. Denote each closing amount as C/o and an account balance as Bal.
3. Prepare a classified balance sheet at December 31.

Transcribed Image Text:

HAUPT CONSULTING, INC. Adjusted Trial Balance December 31, 2010 Balance Account Title Debit Credit Cash $ 7,700 Accounts receivable 1,500 Supplies 100 Equipment 2,000 Accumulated depreciation-equipment $ 33 Furniture 3,600 Salary payable Accumulated depreciation-furniture Accounts payable Unearned service revenue 60 3,600 700 600 Common stock Retained earnings 10,000 Dividends Service revenue 1,600 3,200 Rent expense Utilities expense Salary expense 500 300 700 Depreciation expense-equipment Depreciation expense--furniture 33 60 Supplies expense Total 200 $18,193 $18,193