Instructions Using the information from the Trial Balance in the Worksheet: 1. Journalize the adjustments below (don't bother with explanations or the P.R. column). 2. Complete the worksheet. Producing a formal Income Statement. 4. Produce a Classified Balance Sheet. 5. Journalize the closing entries (don't bother with explanations or the P.R. column) The following information is for the company of D. Virk, Chartered Accountants for the YEAR ending December 31, 2015 Pre-adjusted balances at start of the YEAR 1 Office Equipment 30,100.00 Accumulated Amortization at start of period 15,000.00 Salvage Value 100.00 Useful Life 6 years Adjust for whole year 2 Automobile 14,200.00 Accumulated Amortization at start of period 9.546.94 Rate 209% Adjust for whole year 3 Building 147.100.00 Accumulated Amortization at start of period 8.650.66 Rate: 2% Adjust for whole year Other Information Insurance Policy Value remaining at start of period: 12.900.00 Time remaining in the policy at start of period 40 months Adjust for 1 month (December) only mortgages only) is: 0.8% of balance owing Total value of loans and mortgages on the 1st of the month is: 64,500.00 Supplies on hand at month end were 6.000.00 Supplies on hand on the 1st of the month were: 7.000.00 7 salaries paid will be: 11,900.00 8 collected. She tells you to write it off. It is valued at 244.00 4a2674f9:5b301am07eb731ef435fa131c3c54ad.xisx 09/30/2019 J. Boulton