(a) Prepare closing entries (b) Use T accounts to post the closing entries and calculate the balance in each account. Income Summary is account No. 350 (Ignore the accounts affected by the closing entries) (c) Prepare a post-closing trial balance

Account Cash 5,300 112 10,800 1,500 2,000 Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation Notes payable Accounts payable Salaries payable 27,000 equipment 5,600 15,000 6,100 2.400 Interest payable 600 13,000 D. Thao, capital D. Thao, drawings 306 1.000 400 Service revenue 61.000 Advertising expense 400 4.000 5.600 Supplies expense Depreciation expense Insurance expense Salantes expense 3.500 905 interest expense 1000 Nom the con molto by the lo Insert Prepare closing entries th) Use T accounts to post the closing entries and calculate the balance Prepare a post-closing trial balance THS Balsace Account Tides 101 Cash 5,300 Accounts receivable 10,800 Supplies Prepaid insurance 1,500 Equipment 2,000 27,000 Accumulated depreciation equipment 5.600 15,000 6,100 2.400 Notes payable Accounts payable Salaries payable Interest payable D. Thao, capital D. Thas, drings Service revenue 301 306 400 610 631 Advertising exper Supplies experts Depreca Salities atpers tion a) Prepare elaun tine (a) U ta Prepare petit closing bon