The completed work sheet for Manfred Employment Agency is P.0.1,2,3 presented in the Working Papers.
Instructions 1. Record beginning balances in the ledger. Complete the account names for cap¬
ital, drawing, income, and wages. Journalize and post adjusting entries.
2. Journalize and post the closing entries with the four steps in the proper sequence.
3. Prepare a post-closing trial balance.
Check Figure Post-closing trial balance total, $7,520