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  3. problem 4 (65 points) the calendar year-end adjust

PROBLEM 4 (65 points) The calendar year-end adjusted trial balance for Blessinger Co follows Cash...

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PROBLEM 4 (65 points) The calendar year-end adjusted trial balance for Blessinger Co follows Cash Accounts receivable Prepaid Insurance Office supplies Office equipment Accumulated depreciation Equipment Building Accumulated depreciation Buiding Land Accounts payable Salaries payable Interest payable Mortgage Payable Long-term note payable P. Blessinger Capital P. Blessinger Withdrawals Service fees earned Rent Earned Salaries expense Insurance expense Rent expense Depreciation expense Equipment Depreciation expense Building Totals $112,000 27 000 15,000 12.300 48.000 $3.200 328,000 42.000 700 000 25 800 14.500 2500 62.000 72 000 910.000 200, 500 405,800 25,000 90.000 10 200 8.000 2.800 9.000 $1,562,800 $1,562,800 Required: Prepare the following documents for December 31, 2017 (a) Income statement. (12 points) (1) Statement of Owners Equity (6 points) (c) Classified year-end Balance Sheet (17 points) (d) Closing entries (13 points) le) Post-Closing Trial Balance (17 points)

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