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Beacons Company

End-of-Period Spreadsheet For the Year Ended December 31, 20Y5 Unadjusted

Account

Title Cash

Accounts Receivable Prepaid Insurance Supplies Land Building

Accum. Depr.—Building Equipment Accum. Depr.—Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Rent Revenue

Salaries & Wages Expense Advertising Expense Utilities Expense Depr. Exp.—Building Repairs Expense Depr. Exp.—Equipment Insurance Expense Supplies Expense Misc. Expense

Trial Balance Cr.

Adjustments Dr.

10,800 38,900 4,200 2,730 98,000 400,000

205,300 101,000

85,100 15,700

2,100 75,000 128,100

10,000 363,700

158,100 21,700 16,400

8,850 5,000

12,000 4,800 3,150 2,180

4,320 875,000 875,000 37,330 37,330

9,100 1,100

163,100 21,700 16,400 12,000 8,850 4,800 3,150 2,180 4,320

905,900 905,900 (Continued) 1,100 10,000

372,800 1,100

Dr. 9,100

3,150 2,180

12,000 4,800 5,000

Cr.

Dr.Cr. Adjusted

Trial Balance

10,800 48,000 1,050 550

98,000 400,000

217,300 101,000

89,900 15,700 5,000 1,000 75,000 128,100

Instructions 1. Prepare an income statement for the year ended December 31, 20Y5. 2. Prepare a statement of stockholders' equity for the year ended December 31, 20Y5. During the year, common stock of $25,000 was issued.

3. Prepare a balance sheet as of December 31, 20Y5. 4. Based upon the end-of-period spreadsheet, journalize the closing entries. 5. Prepare a post-closing trial balance.

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