Practice Mld Term Spring 2011 1 Relah be providing counting 3.000 hers on bot for moving service. 57.000 Paid advertising expense, 5100 Recived cash thon customers on Docunt, 53.800 Paid dividends 31,500 2. Jordon James started IJ Consulting on January 1 2. During the month of January, the company purchased SRO of supplies. Supplies on hand at the end of the month was 5200 b. By the end of the month $1,000 of prepaid rent had expired Depreciation on equipment, 590 Instructions: Prepare the required adjusting entries as needed for a to e. 3. The following information relates to Bonnic Billy Co. for the year 2019. Retained earnings, January 1, 2018 Dividends Service revenue Salaries and wages expense $ 10,000 1,000 90,000 35,000 Advertising expense Rent expense Utilities expense 58,000 5,000 2,000 Instructions: After analyzing the data, prepare an income statement and a retained earnings statement fo the year ending December 31, 2019 4. The account balances of Tom Jones Company at December 31, 2019 are listed below. Accounts payable $2,000 Retained earnings (Jan. 1) $10,000 Accounts receivable 14,000 Supplies 1,000 Cash 18,000 Income taxes expense 1,300 Computer equipment 21,000 Utilities expense 8,000 Fees earned 78,000 Wages expense 25,000 Rent expense 10,000 Supplies expense 1,700 Common Stock 10,000 Dividends 800 Instructions: Journalize the closing entries