Complete the charts shown in the pictures attached Prepare a

iPad ? Hair Removall- Shelley\'s Day Spa& Salon- Body Waxing, Sugaring WileyPLUS Weygandt, Financial & Managerial Accounting, 2e PRINCIPLES OF ACCOUNTING (ACCT 2301-2302) BACK Lesson 4/Chapter 4 Graded Homework The adjusted trial balance columns of the worksheet for Alshwer Company are as follows ALSH WER COMPAN Revine Scor Review Results by Study ear Ended December Adjusted Trial 112 126 130 157 158 Accounts Receivable Supplies Prepaid Insurance 1,600 2,100 27,500 Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Common Stock Retained Earnings 12,300 2,700 13,500 201 212 230 7,000 Service Revenue Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense 631 4,100 27,600 905Interest Expense Complete the worksheet by extending the balances to the financial statement columns Partial Worksheet Adjusted Trial Account Account Dr DTitles 101 Cash

Solution

ALSHWER COMPANY Partial Worksheet For the Year Ended Dec 31, 2017 Adjusted Trial Balance Income Statement Balance Sheet Dr.   Cr. Dr.   Cr. Dr.   Cr. Cash        5,400.00      5,400.00 Accounts Receivable      10,600.00    10,600.00 Supplies        1,600.00      1,600.00 Prepaid Insurance        2,100.00      2,100.00 Equipment      27,500.00    27,500.00 Accumulated Dep. - Equipment        5,000.00      5,000.00 Notes Payable      12,300.00    12,300.00 Accounts Payable        6,100.00      6,100.00 Salaries & Wages Payable        2,700.00      2,700.00 Interest Payable            500.00          500.00 Common Stock      13,500.00    13,500.00 Retained Earnings        3,800.00      3,800.00 Dividends        7,000.00      7,000.00 Service Income      59,600.00    59,600.00 Advertising Expense        8,400.00      8,400.00 Supplies Expense        4,100.00      4,100.00 Depreciation Expense        5,000.00      5,000.00 Insurance Expense        3,700.00      3,700.00 Salaries & Wages Expense      27,600.00    27,600.00 Interest Expense            500.00          500.00 Total    103,500.00    103,500.00    49,300.00    59,600.00    54,200.00    43,900.00 Net Income    10,300.00    10,300.00 Total    59,600.00    59,600.00    54,200.00    54,200.00                     -                     -                     -   ALSHWER COMPANY Balance Sheet Dec 31, 2017 Assets Current Assets Cash        5,400.00 Accounts Receivable      10,600.00 Supplies        1,600.00 Prepaid Insurance        2,100.00      19,700.00 Property, Plant & Equipment Equipment      27,500.00 Accumulated Dep. - Equipment      (5,000.00)      22,500.00 Total Assets      42,200.00 Liabilities & Stockholders\' Equity Liabilities Current Liabilities Accounts Payable        6,100.00 Salaries & Wages Payable        2,700.00 Interest Payable            500.00        9,300.00 Long-term Liabilities Notes Payable 12300 Total Liabilities      21,600.00 Stockholders\' Equity Common Stock      13,500.00 Retained Earnings        7,100.00 Total Stockholders\' Equity      20,600.00 Total Liabilities & Stockholders\' Equity      42,200.00                   -   Retained Earnings Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      3,800.00 Cr. 31-Dec Cls. Entry    10,300.00    14,100.00 Cr. 31-Dec Cls. Entry      7,000.00      7,100.00 Cr. Dividends Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      7,000.00 Dr. 31-Dec Cls. Entry      7,000.00                   -   Dr. Income Summary Date Expalanation Ref. Dr. Cr. Balance 31-Dec Cls. Entry    59,600.00    59,600.00 Cr. 31-Dec Cls. Entry    49,300.00    10,300.00 Cr. 31-Dec Cls. Entry    10,300.00                   -   Cr. Service Revenue Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance    59,600.00 Cr. 31-Dec Cls. Entry    59,600.00                   -   Cr. Advertising Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      8,400.00 Dr. 31-Dec Cls. Entry      8,400.00                   -   Dr. Supplies Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      4,100.00 Dr. 31-Dec Cls. Entry      4,100.00                   -   Dr. Depreciation Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      5,000.00 Dr. 31-Dec Cls. Entry      5,000.00                   -   Dr. Insurance Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance      3,700.00 Dr. 31-Dec Cls. Entry      3,700.00                   -   Dr. Salaries & Wages Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance    27,600.00 Dr. 31-Dec Cls. Entry    27,600.00                   -   Dr. Interest Expense Date Expalanation Ref. Dr. Cr. Balance 31-Jan Balance          500.00 Dr. 31-Dec Cls. Entry          500.00                   -   Dr. Closing Journal Entries Date Particulars Dr. Amt. Cr. Amt. 31-Dec Service Income    59,600.00    Income Summary    59,600.00 (To close revenue account) 31-Dec Income Summary    49,300.00    Advertising Expense      8,400.00    Supplies Expense      4,100.00    Depreciation Expense      5,000.00    Insurance Expense      3,700.00    Salaries & Wages Expense    27,600.00    Interest Expense          500.00 (To close expense account) 31-Dec Income Summary    10,300.00     Retained Earnings    10,300.00 (To close net income) 31-Dec Retained Earnings      7,000.00     Dividends      7,000.00 (To close dividends)