ati CHAPTER 5 The Accounting Cycle Completed KEEPING IT REAL SUAREZ, COMPUTER CENTER MyLab Accounting L01,2,3 (60 min) Following is an updated chart of account Troy decided to end the Sune Computer Center's first year of September 10, 2018 Reven 4000 Service Revenue Expenses 5010 Advertising Expense 5020 Bant Expense Soso es Expense Soc Telephone Expense Soso Supplies Experte 5060 Insurance Expense 5070 Postage Expense S060 Depr. Exp. C.S. Equip 5090 Dept. Ex. Office Equip Anet 1000 1020 Accounts Recreatie 1025 Prepaid 1030 Supplies 1000 Computer Shop 1061 Acum, Deprus. Equip 1090 Office Equipment 1001 Arcum. Depe, ce qui Liabilities 2000 Accounts Payable Owner's Equity 3000, L Falco, Capital 3010. T. Falco, withdrawals Jozo Income Summary Assignment 1. Journalize the adjusting entries from Chapter 4. 2. Post the adjusting entries to the ledyet. 3. Journalize the closing entries. 4. Post the closing entries to the ledger. 5. Prepare a post-closing trial balance. Suarez Chapter 5.xls Complete Keeping It Real: Suarez Computer Center on page 179. The completed and accurate worksheet for Chapter 4 is below. This can be used to find amount for adjusting and closing entries. SUAREZ COMPUTER CENTER WORKSHEET FOR THE QUARTER ENDED SEPTEMBER 30, 2017 Trial Balance Adjustments Adi Trial Balance Income Statement Balance Sheet Dr. Gr. Dr Cr Dr. Cr. Dr. Cr. Dr. Cr. Cash 909000 9 09 0100 902000 Accts. Recelv. 2 70000 270000 2 70000 Prepaid Rent 150000 Jooo 00 500.00 51000 Supplies 1 Jololo00 180000 19 200 122.00 Comp. Shop Eq. 3360200 3360100 3 000 Office Equip 150 000 50000 1 500 00 Accts. Payable 517100 570 po 15700 Falco Capital 12 500 125000 1250000 Falco, Withdr 150000 150000 1 500 00 Service Rev 9620 00 96200 9620 00 Adv. Expense 50000 50000 50 000 Rent Expense 18 00 00 1000000 180000 1 Jalololo 18 5100 18 5100 18500 Phone Expense 1235100 235 00 1235100 Insurance Exp Blolo)00 30000 300 00 Postage Exp. 12000 2000 120 00 52 690 002 690 00 Supplies Exp 80 8100 180000 B00100 Dep. Exp. CSE 10500 10500 105.00 Ac Dep.CSE 105100 105 pol 11050 De Ep. OLE 5000 15000 150.00 Ac Dep.ONE 15000 150 DO 1500 DEG3 000 96300220450012204500003 009 1620.00 18 92700 13 2250 Net Income 5 G1700 5612 00 9620009 E20 00 002 0018 0020 Util. Expense