b) [You must show your calculations ]

QUESTION 4 Jassim Service Company's adjusted trial balance at the end of 31 December, it Jassim Service Company Adjusted Trial Balance December 31 Debit Credit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Office equipment 28,000 Accumulated depreciation- 3,500 Office equipment 23,500 57,120 1,500 40,940 Long-term notes payable Jassim, Capital Jassim, Withdrawals Fees earned Salaries expense Rent expense Depreciation expense-Office equipment Office supplies expense 31,400 17,210 1,750 2,700 $125,060 $125,060 Totals Clint Sme and Submit to save and submit. Click Save All Answers to save all answers. u 10 ning Time: 1 hour, 25 minutes, 04 seconds. cion Completion Status. ITUTTGJUAPOTTO ent expense epreciation expense-Office quipment ffice supplies expense otals 17,210 1,750 2,700 $125,060 $125,060 Required: Given the above information, prepare the following a) The necessary closing entries. Journal entry example: Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 (b) What is the balance of Jassim, Capital in the post-closing trial balance? [you MUST show you For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI U S Paragraph Arial 10pt V V V E Click Save and Submit to save and submit. Click Save All Answers to save all answers