5. Presented below is the adjusted trial balance for Ryder Company.

	DEBIT	CREDIT
CASH	15,000
ACCOUNTS RECEIVABLE	7,000
PREPAID INSURANCE	3,000
EQUIPMENT	11,000
ACCUMULATED DEPRECIATION		1,200
ACCOUNTS PAYABLE		2,800
SALARIES/WAGES PAYABLE		1,600
UNEARNED REVENUE		1,500
OWNERS CAPITAL		16,200
OWNER WITHDRAWAL	2,000
SERVICE REVENUE		30,300
RENT EXPENSE	10,000
INSURANCE EXPENSE	400
DEPRECIATION EXPENSE	600
SALARY/WAGE EXPENSE	4,600
TOTALS	53,600	53,600

Prepare the four closing journal entries for Ryder Company..

6. Refer to Problem #5 - Prepare the following financial statements for Ryder Company

7. Prepare the adjusting journal entries for the quarter that ended on March 31, 20X1

UNADJUSTED TRIAL BALANCE MARCH 31, 20X1

	DEBIT	CREDIT
CASH	22,600
ACCOUNTS RECEIVABLE	30,570
PREPAID INSURANCE	2,400
EQUIPMENT	53,400
ACCUMULATED DEPRECIATION		2,500
ACCOUNTS PAYABLE		8,960
UNEARNED CONSULTING REVENUE		6,600
OWNER'S CAPITAL		35,810
OWNER'S WITHDRAWAL	4,000
SERVICE REVENUE		123,800
RENT REVENUE		21,000
WAGES EXPENSE	69,000
RENT EXPENSE	10,900
ADVERTISING EXPENSE	5,800
TOTAL	198,670	198,670

Insurance policy is for the period 1/1/X1 to 12/31/X1 so one fourth of the policy expired

Monthly depreciation is $250

Two thirds of the Unearned consulting revenue was earned in March

Accrued wages for the last week of March is $2,600