Adjusting Entries Debit Credit Closing Entries Debit Credit Credit Adjusted TB Debit Credit 16,250 27,900 340 1.940 150,000 691,200 208.000 S $ $ $ $ S 1.940 Post-closing 18 Debi Credit 16,250 27,900 840 1.940 150,000 691,200 208,000 36,000 9,500 30,000 20.565 4.400 208,000 36,000 $ 9,500 9.500 30,000 Bosman Computer Supplies Trial Balance December 31, 2020 Debit Cash $ 16.250 Accounts receivable 27,900 Prepaid insurance 8440 Supplies Land 150,000 Building 691,200 Accumulated depreciation building Equipment 36,000 Accumulated depreciation equipment Patents 30,000 Accounts payable Unearned revenue Salaries Payable Interest Payable Mortgage payable 1. Bosman, capital 1. Bosman, drawings 45,000 Service revenue Depreciation Expense 18,590 Insurance Expense 5.500 Interest Expense 24,750 Salaries Expense 154,000 Supplies Expense 7,600 Utilities Expense 16,000 $ 20,565 4,400 20,565 4,400 5,400 540,000 198,255 5,400 540,000 198,255 5,400 540,000 198,255 45,000 $ 45,000 239,450 239,450 239,450 $ 18,590 5,500 24,750 154,000 7,600 16,000 $ $ $ $ 18,590 5,500 24,750 154,000 7,600 16,000 $ 1,225,570 $ 1,225,5705 $ $1,225,570 5 1 225,570 S 5 $ 3,225,570 $ 1.225 570 CR DR 11,250 Dec. 31 Interest Expense Interest Payable 11,250 Dec. 31 2,200 Unearned Revenue Service Revenue 2,200 Dec. 31 50 Supplies Expense Supplies 50 Dec. 31 17,280 Accumulated depreciation - building Depreciation Expense 17,280 Dec. 31 Equipment 3,000 Accumulated depreciation - equipment 3,000 Dec. 31 8,700 Accounts Receivable Service Revenue 8,700 Dec. 31 Salaries Expense Salaries Payable 4,400 4,400 Dec. 31 Mortgage Payable 18,400 18,400 Dec. 31 Insurance Expense Prepaid Insurance 4,620 4,620 Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. Be sure to use proper titles and formatting. Adjusted Trial Balance Place your first account on row 111 Income Statement Statement of Owners' Equity Classified Balance Sheet Put tables and owner's equity to the right of assets Record all appropriate closing entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. DR CR Dec 31 Dec 31 Dec 31 Dec 31 Prepare the company's post-closing trial balance. Be sure to use proper titles and formatting. Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. Be sure to use proper titles and formatting. Adjusted Trial Balance Place your first account on row 111 Income Statement Adjusting Entries Debit Credit Closing Entries Debit Credit Credit Adjusted TB Debit Credit 16,250 27,900 340 1.940 150,000 691,200 208.000 S $ $ $ $ S 1.940 Post-closing 18 Debi Credit 16,250 27,900 840 1.940 150,000 691,200 208,000 36,000 9,500 30,000 20.565 4.400 208,000 36,000 $ 9,500 9.500 30,000 Bosman Computer Supplies Trial Balance December 31, 2020 Debit Cash $ 16.250 Accounts receivable 27,900 Prepaid insurance 8440 Supplies Land 150,000 Building 691,200 Accumulated depreciation building Equipment 36,000 Accumulated depreciation equipment Patents 30,000 Accounts payable Unearned revenue Salaries Payable Interest Payable Mortgage payable 1. Bosman, capital 1. Bosman, drawings 45,000 Service revenue Depreciation Expense 18,590 Insurance Expense 5.500 Interest Expense 24,750 Salaries Expense 154,000 Supplies Expense 7,600 Utilities Expense 16,000 $ 20,565 4,400 20,565 4,400 5,400 540,000 198,255 5,400 540,000 198,255 5,400 540,000 198,255 45,000 $ 45,000 239,450 239,450 239,450 $ 18,590 5,500 24,750 154,000 7,600 16,000 $ $ $ $ 18,590 5,500 24,750 154,000 7,600 16,000 $ 1,225,570 $ 1,225,5705 $ $1,225,570 5 1 225,570 S 5 $ 3,225,570 $ 1.225 570 CR DR 11,250 Dec. 31 Interest Expense Interest Payable 11,250 Dec. 31 2,200 Unearned Revenue Service Revenue 2,200 Dec. 31 50 Supplies Expense Supplies 50 Dec. 31 17,280 Accumulated depreciation - building Depreciation Expense 17,280 Dec. 31 Equipment 3,000 Accumulated depreciation - equipment 3,000 Dec. 31 8,700 Accounts Receivable Service Revenue 8,700 Dec. 31 Salaries Expense Salaries Payable 4,400 4,400 Dec. 31 Mortgage Payable 18,400 18,400 Dec. 31 Insurance Expense Prepaid Insurance 4,620 4,620 Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. Be sure to use proper titles and formatting. Adjusted Trial Balance Place your first account on row 111 Income Statement Statement of Owners' Equity Classified Balance Sheet Put tables and owner's equity to the right of assets Record all appropriate closing entries using the General Journal format provided below. Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. No explanations are required. DR CR Dec 31 Dec 31 Dec 31 Dec 31 Prepare the company's post-closing trial balance. Be sure to use proper titles and formatting. Prepare the company's adjusted Trial Balance, and classified Balance Sheet at December 31, 2019 and its Income Statement and Statement of Owner's Equity for the year ended December 31, 2020. Be sure to use proper titles and formatting. Adjusted Trial Balance Place your first account on row 111 Income Statement