Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31. The December 31, 2024, trial balance (before any adjusting entries) appears below. Credits Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Deferred Revenue Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense Totals Transaction a. b. In addition, the company had the following year-end adjusting entries. Account Title Depreciation Expense Accumulated Depreciation C. d. Debits $103,000 17,500 28,000 25,000 105,000 Salaries Expense Salaries Payable Interest Expense Interest Payable Insurance Expense Prepaid Insurance Supplies Expense Supplies Anfarend Davania $47,000 13,500 0 60,500 0 36,000 58,000 11,500 237,000 5,500 166,500 0 0 0 13,000 0 $463,500 $463,500 Debit 10,500 4,500 1,500 20,500 22,500 15 500 Credit 10,500 4,500 1,500 20,500 22,500
Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Prepare an adjusted trial balance. ter the unadjusted balances from the trial balance, post the adjusting entries and closing entries to the T-accounts. Jaguat Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31 . The December 31, 2024, trial balance (before any adjusting entries) appears below. In addition, the company had the following year-end adjusting entries. Prepare a post-closing trial balance. Prepare an income statement for the year ended December 31, 2024. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Prepare a statement of stockholders' equity for the year ended December 31,2024 . Assume during the year. (Enter amounts to be deducted with a minus sign.) Record dosing entries. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debils before credits. Prepare a classified balance sheet for the year ended December 31, 2024. (Enter amounts to be deducted with a minus sign. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. Prepare an adjusted trial balance. ter the unadjusted balances from the trial balance, post the adjusting entries and closing entries to the T-accounts. Jaguat Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31 . The December 31, 2024, trial balance (before any adjusting entries) appears below. In addition, the company had the following year-end adjusting entries. Prepare a post-closing trial balance. Prepare an income statement for the year ended December 31, 2024. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Prepare a statement of stockholders' equity for the year ended December 31,2024 . Assume during the year. (Enter amounts to be deducted with a minus sign.) Record dosing entries. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debils before credits. Prepare a classified balance sheet for the year ended December 31, 2024. (Enter amounts to be deducted with a minus sign
