Question 5 32 Listed below are the account balances from adjusted trial balance of ATS...
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Accounting
Question 5 32 Listed below are the account balances from adjusted trial balance of ATS Company. ATS Company Adjusted Trial Balance December 31, 2019 Account Name Debit Credit Cash 44.800 Accounts Receivable 47.600 Store Supplies Inventory 6.440 Equipment 204.400 Accumulated Depreciation, Equipment 48.440 Accounts Payable 33.600 Notes Payable 72.800 Capital 182.000 Withdrawals 18.200 Service Revenue 294.000 Store Supplies Expense 57.400 Insurance Expense 44.800 Salaries Expense 56.000 Delivery Expense 36.400 Utilities Expense 33.600 Interest Expense 39.200 Depreciation Expense, Equipment 42.000 Totals 630.840 630.840 Required: a. Journalize closing entries for ATS Company (20 POINTS) b. Prepare an Income Statement and a Balance Sheet for ATS Company (12 POINTS) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I g Paragraph Arial 14px
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