Acc201 Survey of Accounting: P4-38 This problem continues the Haupt Consulting situation

Acc201 Survey of Accounting
P4-38
This problem continues the Haupt Consulting situation from Problem 3-43.
Start from the posted T-accounts and the adjusted trial balance that Haupt Consulting prepared for the company at December 31:
Haupt Consulting
Adjusted Trial Balance
December 18, 2010
Balance
Account Title Debit Credit
Cash 7,700
Accounts Receivable 1,500
Supplies 100
Equipment 2,000
Accumulated Depreciation - Equipment 33
Furniture 3,600
Accumulated Depreciation - Furniture 60
Accounts Payable 3,600
Salary Payable 700
Unearned Service Revenue 600
Carl Haupt, Capital 10,000
Carl Haupt, Withdrawals 1,600
Service Revenue 3,200
Rent Expense 500
Utilities Expense 200
Salary Expense 700
Depreciation Expense - Equipment 33
Depreciation Expense - Furniture 60
Supplies Expense 200
Total $18,193 $18,193

Required:
1. Complete the accounting work sheet at December 31.
2. Journalize and post the closing entries at December 31. Denote each closing amount as Clo and an account balance as Bal.
3. Prepare a classified balance sheet at December 31.
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