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1. prepares closing entries and performs Post-closing trial balance 2. Adjusted trial balance Cuenta (Account) Balance Cuentas por cobrar (accounts receivable) 119,000 Seguro prepagado (prepaid

1. prepares closing entries and performs Post-closing trial balance

2. Adjusted trial balance

Cuenta (Account) Balance
Cuentas por cobrar (accounts receivable) 119,000
Seguro prepagado (prepaid insurance) 20,500
Materiales (supplies) 3,850
Efectivo (cash) 145,450
Equipo (equipment) 35,000
Cuentas por pagar (accounts payable) 45,000
Notas por pagar (notes payable) 42,800
Juan del Pueblo, capital 69,000
Juan del Pueblo, retiros (drawings) 20,000
Ingresos devengados (fee earned) 835,000
Gastos de utilidades (utilities expense) 24,500
Gastos de salarios (salary expense) 620,000
Gastos de propaganda (advertising expense) 3,500
Gastos de renta (rent expense) 45,000

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