1a. 2. & 6. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.

2b. Prepare an adjusted trial balance.

2c. Prepare an income statement for the year ended December 31, 2018. (Loss amount should be indicated by a minus sign.)

2d. Prepare a statement of shareholders' equity for the year ended December 31, 2018. Assume that no common stock is issued during the year. (Amounts to be deducted should be indicated by a minus sign.)

2e. Prepare a classified balance sheet for the year ended December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.)

2f. Record closing entries and then post them to the T-accounts provided above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2g. Prepare a post-closing trial balance.

[The following information applies to the questions displayed below. Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31. The December 018, trial balance (before any adjusting entries) appears below Credits Accounts Cash Accounts Recelvable Supplies Prepald Insurance Equipment Accumulated Depreclation Accounts Payable Salaries Payable Utilities Payable Interest Payable Notes Payable Common Stock Retalned Earnings Dividends Service Revenue Salarles Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense Deblts $ 13,500 13,300 18,500 13,800 78,000 $ 23,500 10,300 0 0 0 26,500 18,000 8,300 1,300 211,600 149,500 0 0 0 10,300 0 Totals $298,200 $298,200 Information necessary to prepare the year-end adjusting entries appears below a. Depreciation on the machines for the year is $8,300. b. Employee salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2018, are $2,300 c. On September 1, 2018, Jaguar borrows $26,500 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 12%. The principal is due in five years. d. On March 1, 2018, the company purchases insurance for $13,800 for a one-year policy to cover possible injury to mechanics. The entire $13,800 was debited to Prepaid Insurance at the time of the purchase e. $3,300 of supplies remains on hand at December 31, 2018. f On December 30, Jaguar receives a utility bill of $1,350 for the month. The bill will not be paid until early January 2019, and no entry was recorded when the bill was received