A completed worksheet for The King Group is given below. The King Group Worksheet Month ended december 31, 2019 trial balance adjustments adjusted trial balance income statement balance sheet account name cash 93,400 accounts receivable 13,000 supplies 8,000 prepaid advertising 32,000 equipment 85,000 accumulated depreciation equipment 3,400 accounts payable 13,000 delva king capital 142,000 delva king drawing 9,400 fees income 103,500 supplies expense 3,400 advertising 4,000 depreciation expense equipment 3,400 salaries expense 15,400 utilities expense 2,300 totals 258,500 net income 103,500 1. record the adjusting ebtries 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 post-closing trial balance. Analyze: How many accounts are listed in the adjusted and post-closing trial balance section?

A completed worksheet for The King Group is given below. Receivable 13,000 Advertising 32,000 The King Group Worksheet Month Ended December 31, 2019 Adjusted Trial Income Trial Balance Adjustments Balance Sheet Balance Statement Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 93,400 93,480 93,400 Accounts 13,000 13,000 Supplies 8,000 (a) 3,400 4,600 4,600 Prepaid (b) 4,000 28,000 28,000 Equipment 85,000 85,000 Accumulated 85,000 Depreciation (c) 3,400 3,400 -Equipment 3,400 Accounts Payable 13,000 13,000 13,000 Delva King, Capital 142,000 142,000 Delva King, 142,800 Drawing 9,400 9,400 Fees Income 9,400 103,500 Supplies 103,500 103,500 Expense (a) 3,480 3,480 Advertising 3,400 Expense (b) 4,000 Depreciation 4.ee 4,000 Expense- Equipment (c) 3,400 3,400 3,400 Salaries Expense 15,400 15,400 Utilities 15,400 Expense 2,300 2,300 Totals 258,500 258,50 2,300 10,800 Net Income 10,800 261,909 261,900 28,500 75,000 103,500 103,500 233,400 233,400 75,000 103,500 233,400 158,400 Net Income 75,000 75,000 103,500 193,500 233,400 233, 480 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 post-closing trial balance Analyze: How many accounts are listed in the adjusted and post closing trial balance section? 4. Prepare a post-CIOSmy lildi Udidlice. Analyze: How many accounts are listed in the adjusted and post-closing trial balance section? Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet 4 5 6 7 Record the adjusting entry for depreciation Note: Enter debits before credits Date General Journal Dec 31, 2019 Debit Credit Record entry Chartry View general al Req3 > ework Saved Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet 5 6 7 Record the closing entry for revenue, (Dec 31, 2018 General Journal Debit Credit Charly Vww general journal Req3 > Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Record the closing entry for expense, Note: Enter debits before credes. Date General Journal Dec 31, 2019 Debit Crede Racord entry Charly View general ouma Complete this question by entering your answers in the tabs below. Req 1 and 2 Rag 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1 and 2 Req3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general joumal. View transaction list Journal entry worksheet Supplies Date Dec 31, 2019 Dec 31, 2019 Debit Account No: 121 Credit Balance Prepaid Advertising Date Debit Dec 31, 2019 Dec 31, 2019 Account No: 131 Credit Balance Rocumeated Depreciation Equipment Date Debit Account No: 142 Credit Balance Dec 31, 2019 Account No: 301 Delva King, Capital Date Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Credit Balance Delva King, Drawing Date Debit Dec 31, 2019 Dec 31, 2019 Account No: 302 Credit Balance Income Summary Date Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Account No: 309 Credit Balance - Fees Income Date Debit Account No: 401 Crode Balance Dec 31, 2019 Dec 31, 2019 Salaries Expense Date Dec 31, 2019 Dec 31, 2019 Deb Account No: 511 Credit Balance ities Expense Doble Dec 31, 2019 Dec 31, 2019 Account No: 514 Credh Balance Supplies Expense Date Deba Dec 31, 2019 Dec 31, 2019 Account No: 517 Credit Balance Depreciation Expen Equipment Dobit Dec 31, 2019 Dec 31, 2015 Account No: 523 Crodh Balance Advertising Expense Debit Dec 31, 2019 Dec 31, 2019 Account No: 526 Credit Balance ( Reg 1 and 2 Reg 4 > search Complete this question by entering your answers in the tabs below. Red 1 and 2 Req3 Reg 4 Analyze Prepare a post-closing trial balance. THE KING GROUP Post closing Trial Balance December 31, 2019 Account Name Debit Credit 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 bala 4. Prepare a post-closing trial balance Analyze: How many accounts are listed in the adjusted and post-closing trial balance section? Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Red 4 Analyze How many accounts are listed in the adjusted and post-closing trial balance section? Adjusted trial balance Post-closing trial balance accounts accounts