=+7. Prepare a post-closing trial balance.

If the working papers correlating with this textbook are not used, omit Problem 4-4A.

The ledger and trial balance of Mechanical Services Co. as of July 31, 2010, the end of the first month of its current fiscal year, are presented in the working papers.

Data needed to determine the necessary adjusting entries are as follows:

a. Service revenue accrued at July 31 is $3,000.

b. Supplies on hand at July 31 are $1,475.

c. Insurance premiums expired during July are $1,200.

d. Depreciation of the building during July is $1,300.

e. Depreciation of equipment during July is $1,250.

f. Unearned rent at July 31 is $1,700.

g. Wages accrued but not paid at July 31 are $500.

Instructions