Using the worksheet r, pleasejournal the adjusting entries found below.

complete the worksheet through the closing entries

journal the closing entries

prepare the financial statements found in the worksheet

Depreciation expense for the year is $30,000

Unearned revenue that has been earned is $10,000

Insurance has expired (all)

Supply balance is $1,000

Accrued Wages is $25,000

Merchandise inventory loss is $0

Attach File

Unadjusted trial balance Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Merchandise Inventory Equipment Adjustments Debit Credit Adjusted trial balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Closing Entries Debit Credit Closing Trial Balance Debit Credit 750,000.00 1,260,000.00 5,200.00 12,000.00 56,000,000.00 125,000.00 Acc. Dep Equipment 75,000.00 Accounts Payable 80,000.00 Wages Payable - Unearned Revenue 15,000.00 Capital Stock 1,000,000.00 Retained Earnings Dividends 35,689,200.00 1,000,000.00 Sales Sales Returns and Allowances Sales Discounts Cost of Merch Sold Wage expense Depreciation expense Rent expense Utilities expense 45,000,000.00 1,250,000.00 950,000.00 20,250,000.00 120,000.00 120,000.00 12,000.00 Supplies expense - Insurance expense - misc. expense Total 5,000.00 81,859,200.00 81,859,200.00 - - - - - - - - - - - - - Income Summary 2 3 - 1 - JOURNAL Page Date 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 Description PST Debit 1.00 Credit 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129