Avalon Amusement Park has a fiscal year ending on september 30.

(u from the September 30 Cor cla en Dulance. AB Avalon Amusement park has a fiscal year ending on September 30. Selected data September 30 worksheet are presented below and on the next page. AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2015 Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 18,600 2,200 Prepaid Insurance 31,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000 Supplies Adjusted Trial Balance Sed 210 4 Completing the Accounting Cycle Dr. Dr. 42.200 1.000) 50.000 60,000 49,700 09 14,000 Trial Balance Cr. 36,200 14,600 3,700 50,000 60,000 49,700 14,000 277,500 105,000 30,500 9,400 16,900 18,000 6,000 491,700 491,700 Accumulated Depreciation-Equip. Accounts Payable Unearned Ticket Revenue Mortgage Payable Common Stock Retained Earnings Dividends Ticket Revenue Salaries and Wages Expense Maintenance and Repairs Expense Advertising Expense Utilities Expense Property Tax Expense Interest Expense Totals Insurance Expense Supplies Expense Interest Payable Depreciation Expense Property Taxes Payable Totals 280,200 105,000 30,500 9,400 16,900 21,000 10,000 21,000 16,400 4,000 6,000 504,700 3,000 504,700 (a) Net income $44,000 (b) Total current assets $54,500 Instructions (a) Prepare a complete worksheet. (b) Prepare a classified balance sheet. (Note: $15,000 of the mortgage note payable is due for payment in the next fiscal year.) (e) Journalize the adjusting entries using the worksheet as a basis. (d) Journalize the closing entries using the worksheet as a basis. (e) Prepare a post-closing trial balance. le) Post-closing trial balance $254,500 Complete all steps in counting cycle P4-5B Gillian Shaw opened Shaw's Carpet Cleaners on March 1