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Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Beacons Company maintains and repairs warning ights, such as those found on radio towers and lighthouses. Beacons Company prepared the following end-of- period spreadsheet at December 31, 2045, the end of the fiscal year Beacons Company End-of-Period Spreadsheet For the Year Ended December 31, 2015 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. CE Dr. De Cr. Cash 10.400 10.400 Accounts Receivable 39.900 2.300 49,2 Prepaid Insurance 3.150 1,350 Supplies 2.750 (c) 2,180 600 Land $8,000 98.000 Check My Work Previous Save and Submit Assignment for Gradin tv MacBook Air SV 73 9 FS $ % 5 A 6 & 7 * 00 2 9 0 T R. Y o P F H j L Financial statements and closing entries Instruction Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Building 412,000 412,000 205,300 218,300 Accumulated Depreciation Building (d) 13.000 Equipment 102,000 102,000 85,100 Accumulated Depreciation Equipment () 4.800 89.900 15.800 15,800 Accounts Payable 4,000 Salaries and Wages Payable 4,000 900 Uneamed Rent 2.000 (91.100 90.000 Common Stock 90,000 125.430 126,430 Retained Earnings Dividends 10.000 10.000 Fees Eamed 363.100 372,400 Rent Revenue g) 1.100 1.100 Salaries and Wages Expense 158,500 14.000 162.500 Previc Check My Work Save and Submit Assignment TO tv MacBook Air 000 FS F8 FB F9 FO $ A * % 5 & 7 1 0 6 8 8 9 R. T Y U 0 P. nancial statements and desing entries Instruction Chart of Accounts Labels and Amount Descriptions Income Statement Instructions Depreciation Expense-Building d) 13,000 13,000 Repairs Expense 8,850 8,850 Depreciation Expense-Equipment (6) 4,800 4,800 Insurance Expense (b) 3,150 3,150 Supplies Expense (c) 2.180 2.180 Miscellaneous Expense 4,000 4,000 887,730 887.730 37.530 37,530 918,830 918,830 Required: 1. Prepare an income statement for the year ended December 31, 2015. a not loss has been incurred, enter the amount as a negative number using a minus sign Be sure to complete the statement heading. Use the list of Labels and Amount Descriptions for the correct wording of text terms other than account names. You will not reed to enter colons() on the income statement 2. Prepare a statement of stockholders'equity for the year ended December 31, 2015. During the year, common stock of $20,000 was issued a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete me statement heading. Peter to the fst of Labels and Amount Descriptions for the exact wording of the answer choices for hout entries. Refer to the Chart of Check My Work Previous Save and Ex Submit Assignment for Grad 20 tv MacBook Air 200 COD 14 F5 F9 410 $ A % 5 4 & 7 * O 8 9 0 R. T Y I O Instructions Chart of Accounts CHART OF ACCOUNTS Beacons Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 42 Rent Revenue 12 Accounts Receivable 13 Prepaid Insurance 14 Supplies 15 Land 16 Building 17 Accumulated Depreciation Building EXPENSES 51 Salaries and Wages Expense 52 Advertising Expense 53 Ulities Expense ner oss is incurred or dividends were pad, ante amount as a negatve number using a minus sign. Be sure to complete heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer Check My Work Save and tv MacBook Air 80 DOO f3 000 4 FS F7 FB F9 FO A * $ 4 % 5 & 7 6 1 0 8 9 E R T Instructions Chart of Accounts 18 Equipment 19 Accumulated Depreciation Equipment 54 Depreciation Expense-Building 55 Repairs Expense 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Salaries and Wages Payable 23 Uneamed Rent EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends net loss is incurred or dividends were paid, enter that amount as a negative number using a mis sign. Be sure to complete the sto heading. Refer to the list of Labels and Amount Descriptions for the exact wording or the answer choices for next entries. Refer to me Check My Work Save and Exit 20 TO etv RB 4 MacBook Air DOO COD F4 . c FS F6 F7 F8 FO A $ 4 % 5 & 7 6 8 9 0 Instructions Chart of Accounts Labels and Amount Descriptions Income Statement 1. Prepare an income statement for the year ended December 31, 2015. Wanafoss has been incurred, enter that amount as a negative number using a minus sign Be sure to complete the statement heading. Use the list of Label and Amount Descriptions for the correct wording of text forms other than account names. You will not need to enter colons () on the income statement Beacons Company Income Statement (Label) 2 1 Previous Check My Work Save and allt Submit Assignment for Gras MacBook Air F7 DOO 19 FB FVO FA FS A $ 4 % 5 & 7 6 8 0 9 R T Y U F F H J L Instructions Chart of Accounts Labels and Amount Descriptions Income Statement 1 Label 2 5 4 5 Label 10 12 Check My Work Save and RRA MacBook Air 80 000 II FS F& F7 FO A * # 3 $ 4 % 5 & 7 6 8 9 0 E R T . Y Y U 1 0 Financial statements and closing entries Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Statement of Stockholders' Equity 2. Prepare a statement of stockholders' equity for the yow ended December 31, 2015. During the year common stock of $20,000 was issued a loss is incurred or dividends were paid enter that amount as a negative number using a minus sign. Be sure to complete the statement houding. Refer to the stof Labels and Amount Descriptions for the exact wording of the answer choice for test entries. Refer to the Chart of Accounts for exact wording of accounts Beacons Company Statement of Stockholders' Equity (Label Common Stock Retained Earnings Total 3 Amount Description Previous Check My Work Save and Submit Assignment for Grading dtv MacBook Air FB 10 A $ 4 % 5 & 7 6 8 9 0 R. T Y U O F G H Calculator ook Show Me How Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Balance Sheet 3. Prepare a balance sheet as of December 31, 2045. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the ist of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Refer to the Chart of Accounts for exact wording of account tries. For those boxes in which you must enfor subtracted or negative numbers use a minus sign. Beacons Company Balance Sheet (Label) 2 Label Ched: My Work Previous Save and Submit Assignment for G 20 tv RR A MacBook Air F5 F6 yo A $ 4 % 5 & 7 6 8 9 0 Some updates could not be automatically eBook Show Me How Calculator Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Journal 4. Based upon the end of period spreadsheet yourse the closing entries. Refer to the Chart of Accounts for exact wording of account Hillies PACE JOURNAL ACCOUNTING EQUATION DATE POST. REF. ASSETS QUIT DESCRIPTION Closing Entries Check My Work Previous Save and Submit Assignment for Grade 20 tv MacBook Air 299 FY FS F9 FO Fm $ * % 5 A 6 & 7 8 9 0 R T Y U 0 P 5. Prepare a post-closing trial balance. Beacons Company POST-CLOSING TRIAL BALANCE December 31, 2045 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance Supplies 5 Land 6 Building Accumulated Depreciation-Building # Equipment Accumulated Depreciation Equipment Check My Work Save 20 ali T ctv MacBook Air 80 000 F3 OOD F4 FS F6 F7 FB 79

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