At the end of its first month of operations, Pampered Pet Service has the following unad- justed trial balance PAMPERED PET SERVICE August 31, 2017 Trial Balance Debit Credit Cash $ 5,400 Accounts Receivable 2.800 Supplies 1.300 Prepaid Insurance 2.400 Equipment 60,000 Notes Payable $40,000 Accounts Payable 2.400 Owner's Capital 30,000 Owner's Drawings 1,000 Service Revenue 4.900 Salaries and Wages Expense 3.200 Utilities Expense 800 Advertising Expense 400 $77.300 $77,300 Other data: 1. Insurance expires at the rate of $200 per month. 2. S1,000 of supplies are on hand at August 31. 3. Monthly depreciation on the equipment is $900. 4. Interest of $500 on the notes payable has accrued during August Instructions (a) Prepare a worksheet (b) Prepare a classified balance sheet assuming $35,000 of the notes payable are longterm (c) Journalize the closing entries