A completed worksheet for The King Group is given below. Account Name Cash hccounts receivable Supplies Prepaid advertising Equipment Necumulated depreciation Equipment Mccounts payable Delva King, Capital Delta King. Drawing Tees income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Set income THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Debit Credit Debit Credit Debit Credit Debit Credit Debit 93,200 Credit 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4,400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (e) 3,200 3,200 12,800 3,200 12,800 12,800 140,000 140,000 9.200 9.200 140,000 9.200 97,800 97,000 97.000 (a) 3,200 3,200 3,200 (b) 3,800 3,800 3,800 (c) 3,200 15,200 3,200 3,200 15,200 15,200 2,200 2,200 2,200 250.600 250.600 10,200 10,200 253,800 253,800 27,600 97,800 226,200 156.000 70.200 70.200 97.000 97,800 226,200 225.200 Required: 1. Record the adjusting entries in the general Journal transactions 1-3) 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances 4. Prepare a postclosing trial balance Saved -2a Req 1 and 2 Reg 3 Reg 4 Analyze Prepare a postclosing trial balance. bed THE KING GROUP Postclosing Trial Balance December 31, 20X1 Account Name ok Debit Credit sk Tint rences Totals Me GEW 1 of 1 !!! Next MacBook Air