A completed worksheet for The Best Group is given below. THE BEST GROUP Worksheet Month Ended December 31, 20X1 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 93,400 93,400 93,400 Accounts receivable 13,000 13,000 13,000 Supplies 8,000 ( a) 3,400 4,600 4,600 Prepaid advertising 32,000 ( b) 4,000 28,000 28,000 Equipment 85,000 85,000 85,000 Accumulated depreciationEquipment ( c) 3,400 3,400 3,400 Accounts payable 13,000 13,000 13,000 Randy Best, Capital 142,000 142,000 142,000 Randy Best, Drawing 9,400 9,400 9,400 Fees income 103,500 103,500 103,500 Supplies expense ( a) 3,400 3,400 3,400 Advertising expense ( b) 4,000 4,000 4,000 Depreciation expenseEquipment ( c) 3,400 3,400 3,400 Salaries expense 15,400 15,400 15,400 Utilities expense 2,300 2,300 2,300 Totals 258,500 258,500 10,800 10,800 261,900 261,900 28,500 103,500 233,400 158,400 Net income 75,000 75,000 103,500 103,500 233,400 233,400 Required: Record the adjusting entries in the general journal (transactions 1-3). Record the closing entries in the general journal (transactions 4-7). Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Prepare a postclosing trial balance. Analyze: How many accounts are listed in the adjusted and postclosing trial balance section?