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Using the ledger balances and additional data give

Using the ledger balances and additional data given, do the following for Cullen Lumber for the year ended December 31, 201X: 1. Prepare the worksheet. 2. Prepare the income statement, statement of owner s equity, and balance sheet. 3. Journalize and post adjusting and closing entries. (Be sure to put beginning balances in the ledger first.) 4. Prepare a post-closing trial balance. 5. Journalize the reversing entry for wages accrued. Additional Data a./b. Merchandise inventory, December 31 $4,800 c. Lumber supplies on hand, December 31 100 d. Insurance expired 180 e. Depreciation for the year 200 f. Accrued wages on December 31 85

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