Chattahoochee Coolers’ trial balance as of December 31, 2012, follows: DR CR Cash 2,400 Accounts receivable...

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Chattahoochee Coolers’ trial balance as of December 31, 2012, follows: DR CR Cash 2,400 Accounts receivable...

Chattahoochee Coolers’ trial balance as of December 31, 2012, follows:

	DR	CR
Cash	2,400
Accounts receivable	10,400
Inventory	71,200
Prepaid rent	3,600
Equipment	24,100
Accumulated depreciation- equipment		7,200
Accounts payable		9,000
Salary payable
Note payable-long term		20,100
Robert, Capital		56,000
Robert, withdrawals	36,400
Sales revenue		192,500
Cost of goods sold	66,000
Salary expense	46,400
Rent expense	14,500
Utilities expense	6,700
Depreciation expense
Interest expense	3,100
	___	___
Total	284,800	284,800

The following additional data at December 31, 2012 were provided by the company:

Prepaid rent expired, $2,300.
Depreciation, $4,000.
Accrued salaries, $1,000.
Inventory on hand, $67,900.

Required:

Complete the accounting worksheet for the year ended December 31, 2012.
Prepare the multi-step income statement, statement of owner’s equity and balance sheet for the year.
Prepare the closing entries for the year.

business accounting

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Chattahoochee Coolers’ trial balance as of December 31, 2012, follows: DR CR Cash 2,400 Accounts receivable...

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Chattahoochee Coolers’ trial balance as of December 31, 2012, follows: DR CR Cash 2,400 Accounts receivable...

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Chattahoochee Coolers’ trial balance as of December 31, 2012, follows: DR CR Cash 2,400 Accounts receivable...