2. Performed services for cash of $23,000. 3. Purchased $2,900 of supplies on account. 4. Paid $10,800 cash in advance for rent. The payment was for one year beginning April 1, Year 2. 5. Performed services for customers on account for $90,000. 6. Incurred operating expenses on account of $42,500. 7. Collected $90,000 cash from accounts receivable. 8. Paid $40,000 cash as a partial payment on accounts payable. 9. Paid $31,600 cash for salary expense. 10. Paid a $10,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint: Part of the rent was paid in Year 1.) 12. Recorded supplies expense. A physical count showed that $500 of supplies were still on hand. f. Prepare a post-closing trial balance for December 31, Year 1. COLTON ENTERPRISES Post-Closing Trial Balance December 31, Year 1 Debit Account Titles Credit

2. Performed services for cash of $23,000 3. Purchased $2,900 of supplies on account. 4. Paid $10,800 cash in advance for tent. The payment was for one year beginning April 1, Year 2 5. Performed services for customers on account for $90.000 6 . Incurred operating expenses on account of $42,500 7. Collected $90,000 cash from accounts receivable 8. Paid $40,000 cash as a partial payment on accounts poyable. 9. Paid $31,600 cash for salary expense. 10. Paid a $10,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint Part of the rent was pald in Year 1. ) 12. Recorded supplies expense. A physical count showed that $500 of supplies were still on hand. f. Prepare a post-closing trial balance for December 31, Year 1. 2. Performed services for cash of $23,000 3. Purchased $2,900 of supplies on account. 4. Paid $10,800 cash in advance for tent. The payment was for one year beginning April 1, Year 2 5. Performed services for customers on account for $90.000 6 . Incurred operating expenses on account of $42,500 7. Collected $90,000 cash from accounts receivable 8. Paid $40,000 cash as a partial payment on accounts poyable. 9. Paid $31,600 cash for salary expense. 10. Paid a $10,000 cash dividend to stockholders. Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint Part of the rent was pald in Year 1. ) 12. Recorded supplies expense. A physical count showed that $500 of supplies were still on hand. f. Prepare a post-closing trial balance for December 31, Year 1