Refer to the Practice Set data provided in Chapters 2 and 3.

Consider the following adjustment data:
a. Cleaning supplies on hand at the end of November were $ 50.
b. One month’s combined depreciation on all depreciable assets was estimated to be $ 170.
c. One month’s interest expense is $ 100.

Requirements
1. Prepare an accounting worksheet. (Optional)
2. Prepare an income statement, statement of retained earnings, and classified balance sheet using the report format. Assume the Notes Payable is long-term.
3. Prepare closing entries for the month and post to the accounts.
4. Prepare a post-closing trialbalance.

Transcribed Image Text:

SHINE KING CLEANING Unadjusted Trial Balance November 30, 2015 Balance Account Title Cash Accounts Receivable Cleaning Supplies Prepaid Rent Prepaid Insurance Credit $73,100 2,000 2,000 Truck Accounts Payable Unearned Revenue Notes Payable Common Stock 8,000 945 3,600 40,000 43,000 3,800 Service Revenue Salaries Expense Advertising Expense Utilities Expense 175 91,345 $ 91,345