Cooke Company has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.

Instructions

(a) Prepare a complete worksheet.

(b) Prepare a classified statement of financial position. (Note: €10,000 of the mortgage payable is due for payment in the next fiscal year.)

(c) Journalize the adjusting entries using the worksheet as a basis.

(d) Journalize the closing entries using the worksheet as a basis.

(e) Prepare a post-closing trial balance.

Transcribed Image Text:

1 3 4 P18 Cooke Co.xls Home Insort Page Layout Formulas Data Review View A B C D E COOKE COMPANY Worksheet For the Month Ended September 30, 2015 5 Trial Balance Adjusted Trial Balance 6 Account Titles Dr. Cr. Dr. Cr. 7 Cash 37,400 37,400 8 Supplies 18,600 4,200 9 Prepaid Insurance 31,900 3,900 10 Land 80,000 80,000 11 Equipment 120,000 120,000 12 Accumulated Depreciation-Equipment 36,200 42,000 13 Accounts Payable 14,600 14,600 14 Unearned Service Revenue 2,700 700 15 Mortgage Payable 50,000 50,000 16 Cooke, Capital 17 Cooke, Drawing 109,700 109,700 14,000 14,000 18 Service Revenue 278,500 280,500 19 Salaries and Wages Expense 109,000 109,000 20 Maintenance and Repairs Expense 30,500 30,500 21 Advertising Expense 9,400 9,400 22 Utilities Expense 16,900 16,900 23 Property Tax Expense 18,000 21,000 24 Interest Expense 25 Totals 26 Insurance Expense 27 Supplies Expense 28 Interest Payable 29 Depreciation Expense 30 Property Taxes Payable 6,000 12,000 491,700 491,700 28,000 14,400 6,000 5,800 3,000 31 Totals 506,500 506,500