1

Cash

9,945.00

2

Accounts Receivable

4,150.00

3

Supplies

275.00

4

Prepaid Insurance

2,475.00

5

Office Equipment

7,500.00

6

Accumulated Depreciation-Office Equipment

50.00

7

Accounts Payable

8,350.00

8

Wages Payable

140.00

9

Unearned Revenue

3,600.00

10

Peyton Smith, Capital

9,000.00

11

Peyton Smith, Drawing

1,750.00

12

Fees Earned

21,200.00

13

Wages Expense

2,940.00

14

Office Rent Expense

2,550.00

15

Equipment Rent Expense

1,375.00

16

Utilities Expense

1,215.00

17

Music Expense

3,610.00

18

Advertising Expense

1,500.00

19

Supplies Expense

925.00

20

Insurance Expense

225.00

21

Depreciation Expense

50.00

22

Miscellaneous Expense

1,855.00

23

Totals

42,340.00

42,340.00

Required:

1. Give an end-of-period spreadsheet on a sheet of paper or using spreadsheet software. (Note: Peyton Smith made investments in PS Music on June 1 and July 1, 2019.)

2 Give an income statement, a statement of owner's equity, and a balance sheet.

3 Journalize the closing entries. Refer to the Chart of Accounts for exact wording of account titles.

4 Give the closing entries. Indicate closed accounts by inserting a "0" (zero) in either of the

5 Give a post-closing trial balance