At the end of the accounting period, Adams Company€™s general ledger contained the following adjusted balances:

Required
1. Set up the preceding spreadsheet format.
2. Record the closing entries in the Closing Entries column of the spreadsheet.
3. Compute the Ending Trial Balance amounts.

Transcribed Image Text:

BİCDE F G Adjusted Trial Balance Debit Credit Closing Entries Ending Trial Balance 2 Account Titles 3 Cash 4 Certificate of Deposit 5 Interest Receivable 6 Accounts Receivable 7 Supplies 8 Prepaid Rent 9 Office Equipment 10 Accumulated Depreciation 11 Accounts Payable 12 Salaries Payable 13 Unearned Revenue 14 Common Stock 15 Retained Earnings 16 Service Revenue 17 Interest Revenue 18 Salaries Expense 19 Rent Expense 20 Utilities Expense 21 Supplies Expense 22 Depreciation Expense 23 Operating Expense 24 25 Totals Credit Debit Credit 1500 10000 250 12000 700 6000 9000 1000 2650 1500 2000 38000 250 13500 6000 150 800 1000 4500 65400 65400