Question: 1. The partially completed work sheet shown below also appears in the Workbook. A. Complete the work sheet. The ending inventory figure is $43 700.

 1. The partially completed work sheet shown below also appears in

1. The partially completed work sheet shown below also appears in the Workbook. A. Complete the work sheet. The ending inventory figure is $43 700. B. Prepare an income statement. C. Prepare a balance sheet. D. Journalize the closing entries. Work Sheet Year Ended December 31, 20 INCOME STATEMENT BALANCE SHEET ACCOUNTS CR DR CR DR CR DR CR Bok Trading Company TRIAL BALANCE ADJUSTMENTS DR 50d- 171910 - 3960d- 2500 - 11200 1800- TO 0050 2785d- 520d- 2600 7400- TO 350 oi 550- Bank Accounts Receivable Merchandise Inventory Supplies Prepaid Insurance Equipment Accumulated Deprec-Equip. Accounts Payable GST Payable GST Recoverable PST Payable R. Bok, Capital R. Bok, Drawings Sales Purchases Freight-in Miscellaneous Expense Rent Expense Telephone Expense Utilities Expense Wages Expense 39d- 628- 63702- 1000d- 94300 - 41500 O 300- 950 350 - 0150 - 4800- 1500- 2750 - 19400 - 1071 800 - 071800- 110 1200- 1 0050 Supplies Expense Insurance Expense Depreciation Expense-Equip. 2600

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