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Prepare 2018 Financial Statements - 27 points Schlitz Consulting Adjusted Trial Balance 12/31/2018 Schlitz Consulting Income Statement For the Year Ended December 31, 2018 Revenues 450 405 1.800 Expenses 360 216 54 Cash Accounts Receivable Prepaid Insurance Building Accumulated Depreciation-Building Accounts Payable Unearned Revenue Schlitz Capital, 1/1/2018 Schlitz Withdrawals Service Revenue Rent Revenue Wages Expense Utility Expense Depreciation Expense 900 1,710 90 Net Income 162 198 180 Schlitz Consulting Statement of Owner's Equity For the Year ended December 31, 2018 Schlitz Capital, 1/1/18 Net Income Withdrawals Schlitz Capital, 12/31/18 Schlitz's Consulting Balance Sheet December 31, 2018 Assets Total Assets Liabilities Total Liabilities Owner's equity Total liabilities and owner's equity Task ill. CLOSING THE ACCOUNTS-25 points Prepare the closing entries for Cineplex Theatre 225 10 748 100 200 60 15 Cash Accounts Receivable Building Land Accumulated Depreciation Accounts Payable Unearned Revenue Capital Withdrawals Ticket Revenue Popcorn Revenue Rent Expense Supplies Expense Telephone Expense 550 72 Required Prepare the journal entry to close the revenue accounts: (Use the space below) O slo Prepare the journal entry to close the expense accounts: (Use the space below) Prepare the journal entry to close the income summary account: (Use the space below) Prepare the journal entry to close the withdrawals account: (Use the space below)

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