A B D E F. G I L M . N o P Q R S T U V Adjustments Debit Credit Adjusted Trial Balance Debit Credit Closing Entries Debit Credit Post Closing Trial Balance Debit Credit 1 Trial Balance Item 2 Account Title Debit Credit 3 Cash 20,000.00 4 Supplies 5,000.00 5 Prepaid Rent 12,000.00 6 Equipment 200,000.00 7 Accumulated Depreciation 120,000.00 8 Accounts Payable 8,000.00 9 Unearned Revenue 10,000.00 10 Common Stock 20,000.00 11 Retained Earnings 25,000.00 12 Dividends 5,000.00 13 Consulting Revenue 80,000.00 14 Supplies Expense 2,000.00 15 Depreciation Expense 10,000.00 16 Rent Expense 1,000.00 17 Insurance Expense 8,000.00 18 Income Summary 19 20 Totals 263,000.00 263,000.00 21 22 23 Record Adjusting Entries: 24 25 a. Prepaid Rent should have a debit balance of 10,000 after adjustments 26 b. Earned an $4,000 of Revenue that needs to be recorded 27 c. Depreciation Expense balance needs to be 15,000 28 d. Supplies expense should be $3,000 29 30