$1.$ The steps in using a worksheet are presented in random order below. List the steps in the proper order by placing numbers $1-5$ in the blank spaces.

$($a$)$ Prepare a trial balance on the worksheet.

$($b$)$ Enter adjusted balances.

$($c$)$ Extend adjusted balances to appropriate statement columns.

$($d$)$ Total the statement columns, compute net income $($loss$),$ and complete the worksheet.

$($e$)$ Enter adjustment data.

$2.$ The ledger of Van Heiden Company, NV includes the following unadjusted balances: Prepaid Insurance $\backslash (3,000\backslash ),$ Service Revenue $\backslash (61,000\backslash ),$ and Salaries and Wages Expense $\backslash (25,000\backslash ).$ Adjusting entries are required for $($a$)$ expired insurance $\backslash (1,300\backslash )$; $($b$)$ services performed $\backslash (1,100\backslash ),$ but unbilled and uncollected; and $($c$)$ accrued salaries payable $\backslash (800\backslash ).$ Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. $($Note: You will need to add the following accounts: Accounts Receivable, Salaries and Wages Payable, and Insurance Expense.$)$

$3.$ The ledger of Yilmaz Company contains the following balances: Retained Earnings $30,000$; Dividends $2,000$; Service Revenue $47,000$; Salaries and Wages Expense $27,000$; and Supplies Expense $5,000.$ Prepare the closing entries at December $31.$ Using the data, enter the balances in T$-$accounts, post the closing entries, and underline and balance the accounts.

$4.$ Lanza Company, SA had the following adjusted trial balance.

LANZA COMPANY, SA

Adjusted Trial Balance For the Month Ended June $30,2017$

Instructions

$($a$)$ Prepare closing entries at June $30,2017.$

$($b$)$ Prepare a post$-$closing trial balance.

$5.$ The steps in the accounting cycle are listed in random order below. List the steps in proper sequence, assuming no worksheet is prepared, by placing numbers $1-9$ in the blank spaces.

$($a$)$ Prepare a trial balance.

$($b$)$ Journalize the transactions.

$($c$)$ Journalize and post$-$closing entries.

$($d$)\_\_\_$ Prepare financial statements.