Veterinary Hospital completed the following worksheet as of Chicago December 31

Veterinary hospital completed the following worksheet

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6.Veterinary Hospital completed the following worksheet as of , .ChicagoDecember 31 2018(Click the icon to view the partial worksheet.)5Read the requirements .Requirement 1.Complete the worksheet for Veterinary Hospital.ChicagoComplete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. 6 Chicago Veterinary Hospital Worksheet December 31, 2018
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Adjusted Income Trial Balance Statement Account Names Debit Credit Debit Credit Cash 32,700 $ Accounts Receivable 10,700 Office Supplies 800 Prepaid Rent 12,150 Equipment 26,000 Accumulated Depreciation—Equipment 1,300 $ Accounts Payable 5,000 Utilities Payable 230 Salaries Payable 1,580 Unearned Revenue 9,600 Common Stock 35,000 Retained Earnings 54,570 Dividends 21,000 Service Revenue 30,600 30,600 $ Rent Expense 16,850 16,850 $ Salaries Expense 8,580 8,580 Supplies Expense 300 300 Utilities Expense 7,500 7,500 Depreciation Expense—Equipment 1,300 1,300 Total 137,880 $ 137,880 $ 34,530 $ 30,600 $ Net income or loss 3,930 34,530 $ 34,530 $ Balance Sheet Debit Credit 32,700 $ 10,700 800 12,150 26,000 1,300 $ 5,000 230 1,580
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Requirement 2. Prepare the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Start by closing revenues.
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5: Data Table Requirement 3. Prepare a post-closing trial balance.Review the closing entries you prepared in Requirement 2. Chicago Veterinary Hospital Post-Closing Trial Balance December 31, 2018 Balance Account Title Debit Credit Cash 32,700 $ Accounts Receivable 10,700 Office Supplies 800 Prepaid Rent 12,150 Equipment 26,000 Accumulated Depreciation—Equipment 1,300 $ Accounts Payable 5,000 Utilities Payable 230 Salaries Payable 1,580 Unearned Revenue 9,600 Common Stock 35,000 Retained Earnings 29,640 Total 82,350 $ 82,350 $
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6: Requirements Chicago Veterinary Hospital Worksheet December 31, 2018 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Names Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 32,700 $ 32,700 $ Accounts Receivable 9,500 (f) 1,200 $ 10,700 Office Supplies 1,100 (b) 300 $ 800 Prepaid Rent 13,000 (a) 850 12,150 Equipment 26,000 26,000 Accumulated Depreciation— Equipment (c) 1,300 1,300 $ Accounts Payable 5,000 $ 5,000 Utilities Payable 230 230 Salaries Payable (e) 1,580 1,580 Unearned Revenue 11,000 (d) 1,400 9,600 Common Stock 35,000 35,000 Retained Earnings 54,570 54,570 Dividends 21,000 21,000 Service Revenue 28,000 (d, f) 2,600 30,600 Rent Expense 16,000 (a) 850 16,850 Salaries Expense 7,000 (e) 1,580 8,580 Supplies Expense (b) 300 300 Utilities Expense 7,500 7,500 Depreciation Expense— Equipment (c) 1,300 1,300 Total 133,800 $ 133,800 $ 6,630 $ 6,630 $ 137,880 $ 137,880 $
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