B Cl'lapler 3 The Accounting Intonrlalion System \"B Ila-Ill]! indiusttng and Closing] Presented below is the December 3] trial balance cl? lune Beach B B Clothing, int; mu m Receivable \"WM Detbthiloems I'nrerrtu'y, [isosmhsrai Pie-paid Iranians Equiprrm mated DepreriaiiJneqiplnent trues Payable Animals Fay-able DJIanIJn Stock Retai'led Eanings Salas Helium Dest of Goods Sold Besides and \"limes Enpa'ee lsahsj duartisi'lg Emel'lse Sahries \"Wm Enoo'eeiadminishaye} applies Expense Inslructlmts la) Construct T-accorunts and enter the balances shown. Illa] Prepare adiusting journal entries for the hallo-wing and post to the Taccounts. {Omit explana 1ionsJUpen additional Taccorunts as necessaiy. {The trusts are closed yearly on December 31.} 1. Baddebtexpenseisesiimatedtubem. 1. Equipment is depreciated based on a 3-year life [110 salvage value}. 3. Insurance expired during the year $3,650. 4. Interest accrued on note-s payable $2,115}. 5. Sales salaries and wages earned but not paid $2.30. '5. Advertising paid in advance $1,100. 1?. UH-ice supplies on hand $9111], charged to Supplies Expense when purchased. Er} Prepare closing entries and post to the accounts