ACCOUNTING 1-CHAPTER 4 PROBLEMS Typical balance sheet classifications are as follows: A. Current Assets B. Long-term Investments C. Property, Plant & Equipment D. Intangible Assets E. Current Liabilities F. Long-Term Liabilities G. Owner's Equity Indicate by use of the above letters how each of the following items would be classified on a balance sheet prepared at December 31, 2016. 1. Building 2. Accounts Payable 3. Land Held for Future Expansion 4.6-Month Note Payable 5. Cash 6. Owner's Capital Account I 7. Mortgage Payable 8. Land 9. Unearned Revenue 10. Patent 11. Accounts Receivable 12. Office Equipment 13. Prepaid Insurance 14. Trademark 15 Salaries Payable 16. Office Supplies 17. Investment in Stock of Another Corporation 18. Bonds Payable 19. Copyright 20. Interest Payable 21. The unadjusted trial balance columns of the work sheet for Tara Marie Legal Services at June 30, 2021 are as follows: Tara Marie Legal Services Work Sheet For the Month Ended June 30, 2021 Adjusted Trial Balance Account Titles Debit Credit Cash $78,600 Accounts Receivable 16,000 Office Supplies 1,700 Prepaid Insurance 2,000 Office Equipment 18,000 Accumulated Depreciation Office Equipment $ 4,200 Notes Payable 40,000 Accounts Payable 10,400 Salaries Payable 1,700 Unearned Revenue 10,000 Tara Marie, Capital 26,600 Tara Marie, Drawing 7,000 Legal Fees Earned 44,200 Rent Revenue 1 5,000 Salaries Expense 8,000 Rent Expense 5,400 Office Supplies Expense 1,900 Depreciation Expense 700 Insurance Expense 2.800 Totals S142,100 S142,100 Office Supplies Expense Depreciation Expense Insurance Expense Totals 1,900 700 2.800 $142,100 $142.100 Required: 1) Complete the work sheet. 2) Prepare an income statement and owner's equity statement for the month ending June 30th and a classified balance sheet at June 30, 2021. 3) Journalize the closing entries from the financial statement columns of the work sheet