Adjusting Journal Entries:

Adjusted Trial Balance

Closing Entries:

Need to complete Financial Statement & Post-Closing Trial Balance:

1. Prepare/Journalize the Adjusting entries A-F a. Insurance expired during June is $150. b. Supplies on hand on June 30 are $1,020, c. Depreciation of office equipment for June is $500. d. Accrued receptionist salary on June 30 is $120. e. Rent expired during June is $1,500. f. Unearned fees on June 30 are $2,000. 2. Post the adjusting entries to the General Ledger. 3. Prepare an income statement, a statement of owner's equity, and a balance sheet. 4. Journalize and post the closing entries. (Income Summary is account #33 in the chart of accounts.) 5. Prepare a post-closing trial balance. Unadjusted Trial Balance from previous problem: Prepare an Unadjusted Trial Balance for June in the space below. 3 Debit Credit CASH 8,875.00 ACCOUNTS RECEIVABLE S 1,400.00 SUPPLIES 1.250.00 PREPAID RENT 4.500.00 PREPAID INSURANCE 9,300.00 OFFICE EQUIPMENT ACCUMULATED DEPRECIATION 1,000.00 ACCOUNTS PAYABLE SALARIES PAYABLE UNEARNED FEES 3,000.00 20.250.00 DUSTIN LARKIN, CAPITAL DUSTIN LARKIN, DRAWING S 4.500.00 INCOME SUMMARY 9,375.00 FEES EARNED SALARY EXPENSE 800.00 RENT EXPENSE SUPPLIES EXPENSE 750.00 DEPRECIATION EXPENSE INSURANCE EXPENSE 1,800.00 MISCELLANEOUS EXPENSE 450.00 S 33,625.00 33,625.00