A B C D E Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Adjusted Trial Balance Adjustments Dr. Trial Balance 6 Account Title Dr. Cr. Cr. Dr. Cr. 7 В Cash 9 Accounts Receivable 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr.-Building 15 Equipment 16 Асcum. Depr.-Еquipment 17 Accounts Payable 18 Salaries & Wages Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Rent Revenue 25 Salaries & Wages Expense 26 Advertising Expense 27 Utilities Expense 28 Depr. Exp.-Building 29 Repairs Expense 30 Depr. Exp.-Equipment 31 Insurance Expense 32 Supplies Expense 33 Misc. Expense 10,800 38,900 4,200 2,730 98,000 400,000 10,800 50,200 1,200 11,300 3,000 2,250 480 98,000 400,000 205,300 10, 100 215,400 101,000 101,000 85, 100 6,680 91,780 15,700 4,900 15,700 4,900 2,100 75,000 128, 100 1,300 800 75,000 128,100 10,000 10,000 11,300 1,300 363,700 375,000 1,300 4,900 163,100 21,700 11,400 168,000 21,700 11,400 10,100 8,850 6,680 10,100 8,850 6,680 3,000 3,000 2,250 2,250 4,320 875.000 875.000 4,320 39.530 907,980 907,980 34 39,530 35 1234

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Lamp Light Company maintains and repairs warning lights, such as those found on radio towers
and lighthouses. Lamp Light prepared the following end-of-period spreadsheet at December 31,
2018, the end of the fiscal year:

Instructions
1. Prepare an income statement for the year ended December 31.
2. Prepare a retained earnings statement for the year ended December 31.
3. Prepare a balance sheet as of December 31.
4. Based upon the end-of-period spreadsheet, journalize the closing entries.
5. Prepare a post-closing trial balance.

A
B
C
D
E
Lamp Light Company
End-of-Period Spreadsheet
For the Year Ended December 31, 2018
Unadjusted
Adjusted
Trial Balance
Adjustments
Dr.
Trial Balance
6 Account Title
Dr.
Cr.
Cr.
Dr.
Cr.
7
В Cash
9 Accounts Receivable
10 Prepaid Insurance
11 Supplies
12 Land
13 Building
14 Accum. Depr.-Building
15 Equipment
16 Асcum. Depr.-Еquipment
17 Accounts Payable
18 Salaries & Wages Payable
19 Unearned Rent
20 Common Stock
21 Retained Earnings
22 Dividends
23 Fees Earned
24 Rent Revenue
25 Salaries & Wages Expense
26 Advertising Expense
27 Utilities Expense
28 Depr. Exp.-Building
29 Repairs Expense
30 Depr. Exp.-Equipment
31 Insurance Expense
32 Supplies Expense
33 Misc. Expense
10,800
38,900
4,200
2,730
98,000
400,000
10,800
50,200
1,200
11,300
3,000
2,250
480
98,000
400,000
205,300
10, 100
215,400
101,000
101,000
85, 100
6,680
91,780
15,700
4,900
15,700
4,900
2,100
75,000
128, 100
1,300
800
75,000
128,100
10,000
10,000
11,300
1,300
363,700
375,000
1,300
4,900
163,100
21,700
11,400
168,000
21,700
11,400
10,100
8,850
6,680
10,100
8,850
6,680
3,000
3,000
2,250
2,250
4,320
875.000 875.000
4,320
39.530 907,980 907,980
34
39,530
35
1234
Transcribed Image Text:A B C D E Lamp Light Company End-of-Period Spreadsheet For the Year Ended December 31, 2018 Unadjusted Adjusted Trial Balance Adjustments Dr. Trial Balance 6 Account Title Dr. Cr. Cr. Dr. Cr. 7 В Cash 9 Accounts Receivable 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr.-Building 15 Equipment 16 Асcum. Depr.-Еquipment 17 Accounts Payable 18 Salaries & Wages Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Rent Revenue 25 Salaries & Wages Expense 26 Advertising Expense 27 Utilities Expense 28 Depr. Exp.-Building 29 Repairs Expense 30 Depr. Exp.-Equipment 31 Insurance Expense 32 Supplies Expense 33 Misc. Expense 10,800 38,900 4,200 2,730 98,000 400,000 10,800 50,200 1,200 11,300 3,000 2,250 480 98,000 400,000 205,300 10, 100 215,400 101,000 101,000 85, 100 6,680 91,780 15,700 4,900 15,700 4,900 2,100 75,000 128, 100 1,300 800 75,000 128,100 10,000 10,000 11,300 1,300 363,700 375,000 1,300 4,900 163,100 21,700 11,400 168,000 21,700 11,400 10,100 8,850 6,680 10,100 8,850 6,680 3,000 3,000 2,250 2,250 4,320 875.000 875.000 4,320 39.530 907,980 907,980 34 39,530 35 1234
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