chapter 4 problem 4-5 prepare a worksheet.

The following trial balance and additional data are for Florida Time-Share Property Management Company: 1. Insurance expense for the year, exist3, 840. 2. Rent expense for the year, exist19, 200. 3. Depreciation expense: office equipment, exist2, 880: and automobiles, exist12, 800. 4. Salaries earned but unpaid at December 31, exist26, 640. 5. Supplies on hand at December 31, exist1,000. 6. The unearned management fees were received and recorded on November 1, 2012. The advance payment covered six months' management of an apartment building. a. Prepare a 12-column work sheet for the year ended December 31, 2012. You need not include account numbers or explanations of adjustments. b. Prepare an income statement. c. Prepare a statement of retained earnings. d. Prepare a classified balance sheet. e. Prepare adjusting and closing entries