PROBLEM 2 QUICK DELIVERY Work Sheet For Month Ended 12/31/20XX Balance Sheets Statement of Owners Equity Dr. Adjusted Trial Balance Dr. Adjustments Dr. G. Income Statement Dr. Cr. Cr. Unadjusted Tral Balance Cr. 70,000 10,000 3,000 120,000 48.000 15,000 20,000 Account Titles Cash Accounts Receivable Supplies Delivery Vans Accum Depr-Vans Accounts Payable Unearned Fees Salaries Payable B. Rapid, Capital B. Rapid Withdrawals Fees Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Total Net Income 55 000 50,000 320,000 177,000 28,000 458,000 458,000 Additional Information: 1. On 12/31, the physical count showed $1,000 of unused supplies, 2. As of 12/31 depreciation expense of $24,000 has not yet been recorded. 3. Unpaid salaries amounted to $5,000 as of 12/31 4. Half of the unadjusted balance in unearned fees has been earned as of 12/31 Instructions: 1. Complete the 10-column worksheet. 2. Prepare the financial statements income statement. (b) statement of owners equity. (c) classified balance sheet 3. Record the closing entries 4. Prepare the post-closing trial balance Income Statement Statement of Changes in Owner's Equity Balance Sheet