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3. K. Wexler sells dress shoes and sneakers for women. The account balances as of December 31, 2018 after adjustments are as follows: (11 pts)

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3. K. Wexler sells dress shoes and sneakers for women. The account balances as of December 31, 2018 after adjustments are as follows: (11 pts) Accounts Payable Salaries and Wages Expense Accounts Receivable Building 30,000Interest Expense 40,000 5,000 Wexler, Drawings 80,000 Notes Payable XxxxXWexler, Capital 9,000 Accumulated Depreciation Building 10,000 100.000 Prepaid Insurance $10,000 Insurance Expense 4,000 8,000 31,000 Cash 95,000 Depreciation Expense Sales Revenue 60,000 Required: a) Prepare a trial balance for the company with the proper heading and with th accounts in balance sheet sequence. (6 pts) Determine the correct balance for Cash. b) Prepare the four closing entries. No explanations required. (3 pts) c) Calculate the amount of the ending Capital. (2 pts)

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