204. The balances in the ledger of Good Landscape Services for its first month of operations ending January 31, 2009. Before adjustments, accounts are as follows:
Cash
$ 4,250
Capital Stock
$20,375
Supplies
3,900
Dividends
3,425
Prepaid Insurance
8,400
Service Revenue
63,200
Equipment
41,750
Salary Expense
24,300
Accumulated
Rent Expense
6,000
Depreciation
9,950
Miscellaneous Expense
1,500
Adjustment data are as follows: supplies on hand, January 31, $1,800; insurance expired for January, $1,100; depreciation on equipment for January, $2,500; salaries accrued, January 31, $1,650.
(a)
Prepare a ten-column work sheet for Good Landscape Services for January, 2009.
(b)
On the basis of the work sheet in (a), present the following in good order: (1) income statement, (2) retained earnings statement, and (3) balance sheet.
(c)
On the basis of the work sheet in (a), journalize the closing entries as of January 31, 2009.
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