Select a Section Select a Study Objective STANDARD VIEW GLS Complete worksheet; prepare financial statements, closing entries, and post-closing trial balance. (LO 1, 2, 4) The adjusted trial balance columns of the worksheet for Alshwer Company are as follows. Cr. 5,300 Account No. 101 112 126 130 157 158 ALSHWER COMPANY Worksheet For the Year Ended December 31, 2019 Adjusted Trial Balance Account Titles Dr. Cash Accounts Receivable 10,800 Supplies 1,500 Prepaid Insurance 2,000 Equipment 27,000 Accumulated Depreciation Equipment 5,600 Notes Payable 15,000 Accounts Payable 6,100 Salaries and Wages Payable 2,400 Interest Payable 600 Common Stock 10,000 Retained Earnings 3,000 Dividends 7,000 Service Revenue 61,000 Advertising Expense 8,400 Supplies Expense 4,000 200 201 212 230 311 320 332 400 610 631 Financial Accounting, 10e FINANCIAL ACCT. (ACCT298) elect a Section PRINTER VERSION BACK NEXT 212 STANDARD VIEW , 6,100 2,400 600 10,000 3,000 311 332 7,000 Select a Study Objective ZVV INOLes rayavie 201 Accounts Payable Salaries and Wages Payable Interest Payable Common Stock 320 Retained Earnings Dividends 400 Service Revenue 610 Advertising Expense 631 Supplies Expense 711 Depreciation Expense 722 Insurance Expense 726 Salaries and Wages Expense 905 Interest Expense Totals 61,000 8,400 4,000 5,600 3,500 28,000 600 103,700 103,700 Instructions (a) Complete the worksheet by extending the balances to the financial statement columns. Net income $10,900 (b) Prepare an income statement, a retained earnings statement, and a classified balance sheet. (Note: $5,000 of the notes payable become due in 2020.) Current assets $19,600 Current liabilities $14,100 (C) Prepare the closing entries. Use J14 for the journal page. Post the closing entries. (Use the three-column form of account.) Income Summary is No. 350. (e) Prepare a post-closing trial balance. Post-closing trial balance $46,600