A partially completed worksheet for Home Auto Detailing Service, a firm that details cars and vans, follows on page 178.

INSTRUCTIONS
1. Record balances as of December 31 in the ledger accounts.

2. Prepare the worksheet.
3. Journalize (use 3 as the journal page number) and post the adjusting entries. Use account number 131 for Prepaid Advertising and the same account numbers for all other accounts shown on page 186 for Wells€™ Consulting Services chart of accounts.
4. Journalize (use 4 as the journal page number) and post the closing entries.
5. Prepare a postclosing trial balance.
Analyze: What total debits were posted to the general ledger to complete all closing entries for the month ofDecember?

Transcribed Image Text:

Home Auto Detalling Service Worksheet Month Ended December 31, 2016 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash Accounts Receivoble Supplies Prepaid Advertising Equipmemt Accumulated Depreciation Equipment Accounts Payable Clifton Dovis, Capital Clijton Dovis, Drawing Fees Income Salares Expense Utiities Expense Supplies Expense 32 05 0 00 5 450 00 δ1 01010100 4 000 00 21 000 00 (a) 2 100 00 b) 190 00 (c580 00 60|0| 0100 45 5 00 00 3 0 00 00 26 600 o0 5 8 0 0 00 800 00 Advertising Expense Depreciation ExenseEquipment Totals (a) 2 10 0 00 (b) 1 90o 00 (c) 5 8o 78 1000078 100 00 580 00 58 0 00 ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET CREDIT DEET 93 40a 00 13 000 00 CREDIT DEBIT 93 400 00 13 00000 oo00 28 00000 85 000 0 4600 00 28: 00000 85 000 00 400 00 13 000 00 142) 이 00:00 3 4 00 00 13 000 00 142 00000 400 00 103 5 0o 0 103 50 0 00 400100 400 00 400 00 15 400 00 300100 261 9 00100 40 0 00 155410000 2 300 00 261 900 0028 50000 75 000 00 103 50 0 00 103 50 0o 233 4ooo 158 400 00 75 000 00 233 4 00 00 103 5 00 233 400 00