Based on the information in question number 1, prepare. a post closing trial balance.

1. The adjusted account balances of the Corona Center at December 31, 2021 are as follows:

Accounts Account Balances Accounts Account Balances

Cash $ 14,000 Service Revenue $130,000

Accounts Receivable 13,000

Supplies 4,000 Depreciation Expense 25,000

Prepaid Insurance 8,000 Insurance Expense 6,000

Buildings 350,000 Salaries and Wages Expense 40,000

Accumulated Depreciation Supplies Expense 8,000

Buildings 100,000 Utilities Expense 13,000

Accounts Payable 69,000

Salaries Payable 50,000 Rent Expense 15,000

Owner's Capital 162,000

Owner's Drawings 15,000

Instructions

1. Prepare. the 4 closing entries for the Corona Center.
2. Prepare. a T account of Income Summary and calculate the closing balance
3. Prepare .a T account of the Owner's Capital account and calculate the final balance.