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Lamp Light Company maintains and repairs warming kghts, such as those found on radio towers and lghthouses Lamp Light Company srepared the folowing end of period spreadshee at December 31, 2018, the end of the fiscal xear Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account TiHle Dr. 10800.00 38,900.00 4.200.00 2730 00 98,000 00 400,000.00 Cr. Dr. Cr. Dr. Cr. 10,800,00 50,200.00 (b) 3,000 00 1,200.00 (c) 2,250 00 480 00 Cash Accounts Receivable (a) 11,300.00 Prepaid Insurance Land 98,000.0 Building 400,000.00 Accumulated Depreciation Building 205 300 00 4) 10,100 00 215,400.00 101,000 00 01,000.00 Land 98,000.00 400,000.00 400,000.00 Bukding Accumulated Depreciaton-Building Equipment Accumulated Depreciabion-Equipmen Accounts Payable Salaries and Wages Payable Uncamed Rent Common Stock 205,300.00 d) 10,100.00 215,400 00 101,000.00 101,000.00 91,780.00 15,700.00 4,900.00 800.00 75,000.00 128,100.00 85,100 00 (e) 6,650.00 15,700.00 4,900 00 2,100.00 (9) 1,300.00 75,000 00 128,100.00 Retained Earnings Dividends Fees Earmed Rent Revenue Salaries and Wages Expense Advertising Expense Utilties Expense 10,000.00 10,000.00 363,700.00 (a) 11,300.00 375,000 00 (9) 1,300.00 ,300.00 183,100 00 21,700.00 11,40000 168,00000 21,700.00 11,400.00 (0 4,900.00 8,850.00 6,680.00 3,000.00 2,250 00 4,320.00 8,850.00 Repairs Expense Depreciation Expense-Equipment Insurance Expense Supplies Expense Miscellaneous Expense (e) 6,680.00 (b) 3,000.00 (c)2,250.00 4,320.00 875,000.00 875,000.00 39,530.00 39,530 00 907,980.00 907,980 00 Required: 1. Prepare an income stafement for the year ended December 31, 2018 If a net loss 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 Labels and Amount Descriptions for the correct wording of text , items other than account names. You will not need to enter colons () on the income statenent 2. Prepare e retained earnings statement for the year ended December 31, 2018 If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the anawer choices for text entries. Refer to the Chart of Accounts for exact wording of account tities 3. Prepare a balance sheet as of December 31, 2018 Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list 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 titles For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles 1 Prepare an ncome statement for the yeer ended Decembor 31, 2018 if e net loss has been incured, enter that emound es a negalive number using o minus nign. Ee sure to cormpede the slaten ent heo ing use the 1st of Lsbels and Aamount Detopt ons tr the cored wordi g ol tert te s or er han a court nemes you wad mod to enter cions o ne iarne slateaent Lamp Light Company Incorme Stalement (Label) 1 (Label s (Label 10 2 Prepore a retained earnings statenent for the sgn Be suse to complete the ststemernd heading Accounts for exact wording of eccount tioes 31, 2018. net loss as ancurred or dvotnds were paid, enter that arnount as and Amount Descr pt ons br tho exact wording or e answer choices for text entries. Roder to Chart of Lamp Light Company Retained Earnings Stalement (Label) 3 Prepere a balance sheet as of December 31, 2018. Fned assets moust be eralered in arder ecconding to accourd nwmber. Be sure to compiete the stslement beading Refer to the ast of Labets and Amount Descriptons for the exect wording of the answer choices for text entnes. Reter to the Chart of Accounts for exact wording of accont toes Far those boxes in whict you must enter subtrected or negaive numbers uuse sminus sign Lamp Light Company Balance Sheet (Label) Assets 2 (Label 4 Based upon the end of perod spreadshoet, journalize the closing entries. Refer to the Chart of Accounts for exect wording of eccount tales PAGE 11 JOURNAL ACCOUNTING EQUATION DATE POST, REF DENT ASSETS LIABUTIES EQUITY Closing Entries 10 Lamp Light Company POST-CLOSING TRIAL BALANCE Deoember 31, 2018 ACCOUNT TTTLE DEBT CREENT 1 Cash 2 Accounts Receivable Prepaid Insurance 4 Supplies Land Building Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment Accounts Payable 11 Salaries and Wages Payable 12 Unearned Rent 13 Common Stock 14 Retained Earnings 1s Totals Lamp Light Company maintains and repairs warming kghts, such as those found on radio towers and lghthouses Lamp Light Company srepared the folowing end of period spreadshee at December 31, 2018, the end of the fiscal xear Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account TiHle Dr. 10800.00 38,900.00 4.200.00 2730 00 98,000 00 400,000.00 Cr. Dr. Cr. Dr. Cr. 10,800,00 50,200.00 (b) 3,000 00 1,200.00 (c) 2,250 00 480 00 Cash Accounts Receivable (a) 11,300.00 Prepaid Insurance Land 98,000.0 Building 400,000.00 Accumulated Depreciation Building 205 300 00 4) 10,100 00 215,400.00 101,000 00 01,000.00 Land 98,000.00 400,000.00 400,000.00 Bukding Accumulated Depreciaton-Building Equipment Accumulated Depreciabion-Equipmen Accounts Payable Salaries and Wages Payable Uncamed Rent Common Stock 205,300.00 d) 10,100.00 215,400 00 101,000.00 101,000.00 91,780.00 15,700.00 4,900.00 800.00 75,000.00 128,100.00 85,100 00 (e) 6,650.00 15,700.00 4,900 00 2,100.00 (9) 1,300.00 75,000 00 128,100.00 Retained Earnings Dividends Fees Earmed Rent Revenue Salaries and Wages Expense Advertising Expense Utilties Expense 10,000.00 10,000.00 363,700.00 (a) 11,300.00 375,000 00 (9) 1,300.00 ,300.00 183,100 00 21,700.00 11,40000 168,00000 21,700.00 11,400.00 (0 4,900.00 8,850.00 6,680.00 3,000.00 2,250 00 4,320.00 8,850.00 Repairs Expense Depreciation Expense-Equipment Insurance Expense Supplies Expense Miscellaneous Expense (e) 6,680.00 (b) 3,000.00 (c)2,250.00 4,320.00 875,000.00 875,000.00 39,530.00 39,530 00 907,980.00 907,980 00 Required: 1. Prepare an income stafement for the year ended December 31, 2018 If a net loss 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 Labels and Amount Descriptions for the correct wording of text , items other than account names. You will not need to enter colons () on the income statenent 2. Prepare e retained earnings statement for the year ended December 31, 2018 If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of the anawer choices for text entries. Refer to the Chart of Accounts for exact wording of account tities 3. Prepare a balance sheet as of December 31, 2018 Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. Refer to the list 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 titles For those boxes in which you must enter subtracted or negative numbers use a minus sign. 4. Based upon the end-of-period spreadsheet, journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles 1 Prepare an ncome statement for the yeer ended Decembor 31, 2018 if e net loss has been incured, enter that emound es a negalive number using o minus nign. Ee sure to cormpede the slaten ent heo ing use the 1st of Lsbels and Aamount Detopt ons tr the cored wordi g ol tert te s or er han a court nemes you wad mod to enter cions o ne iarne slateaent Lamp Light Company Incorme Stalement (Label) 1 (Label s (Label 10 2 Prepore a retained earnings statenent for the sgn Be suse to complete the ststemernd heading Accounts for exact wording of eccount tioes 31, 2018. net loss as ancurred or dvotnds were paid, enter that arnount as and Amount Descr pt ons br tho exact wording or e answer choices for text entries. Roder to Chart of Lamp Light Company Retained Earnings Stalement (Label) 3 Prepere a balance sheet as of December 31, 2018. Fned assets moust be eralered in arder ecconding to accourd nwmber. Be sure to compiete the stslement beading Refer to the ast of Labets and Amount Descriptons for the exect wording of the answer choices for text entnes. Reter to the Chart of Accounts for exact wording of accont toes Far those boxes in whict you must enter subtrected or negaive numbers uuse sminus sign Lamp Light Company Balance Sheet (Label) Assets 2 (Label 4 Based upon the end of perod spreadshoet, journalize the closing entries. Refer to the Chart of Accounts for exect wording of eccount tales PAGE 11 JOURNAL ACCOUNTING EQUATION DATE POST, REF DENT ASSETS LIABUTIES EQUITY Closing Entries 10 Lamp Light Company POST-CLOSING TRIAL BALANCE Deoember 31, 2018 ACCOUNT TTTLE DEBT CREENT 1 Cash 2 Accounts Receivable Prepaid Insurance 4 Supplies Land Building Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment Accounts Payable 11 Salaries and Wages Payable 12 Unearned Rent 13 Common Stock 14 Retained Earnings 1s Totals

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