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begin{tabular}{|c|c|c|c|c|c|c|} hline ACCOUNT & & 5 Expense & & & AcCount No. & 523 hline & & multirow[b]{2}{*}{ POST. REF. } & & &

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\begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & 5 Expense & & & AcCount No. & 523 \\ \hline & & \multirow[b]{2}{*}{ POST. REF. } & & & \multicolumn{2}{|c|}{ BAIANCE } \\ \hline DATE & IIEM & & DEBII & CAFDIT & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20} \\ \hline lan,31 & = & & & & & \\ \hline 1an. 31 & =1 & & & & 4 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline ACCOUNT & & & Expense & & & ACCOUNT NO. & 525 \\ \hline & & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DAIE & ITEM & & POSI. REF. & DEBIT & CHFDIT & DEBIT & CREDIT \\ \hline \multicolumn{8}{|l|}{20=} \\ \hline Jan. 31 & Bafance & & & & & 50.00 & \\ \hline Jan. 31 & & & & & & & \\ \hline \end{tabular} Required: 1. Journalire (poge 10) and post the adjusting entries. 2. Journalize (poge 11) and post the closing entries. \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{\begin{tabular}{|c|} ACCOUNI \\ DAIE \\ \end{tabular}} & \multirow{2}{*}{\multicolumn{3}{|c|}{ Gas and oil fxpense }} & \multirow[b]{3}{*}{ CREDIT } & ACCOUNT NO & 538 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline & IIEM & POST. REF. & DEBIT & & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20=} \\ \hline Jan. 31 & Bolance & & & & 200.00 & 6. \\ \hline 300,31 & & & & & a & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNI & Accumulated I & tion-Delivery Cqu & & & ACCOUNT no. & 185.1 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DAII & IITH & POST. RE. & DEnII & CREDIT & DFBIT & CDRDIT \\ \hline \multicolumn{7}{|l|}{ 20-- } \\ \hline Jan. 31 & 3 & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNI & & ounts Payable & & & AcCoUnT No. & 202 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DATE & ITEM & POST. RRT. & DEBI & CHEDI & DFBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20=} \\ \hline 1an. 31 . & Balance & & & & & 1,200 \\ \hline \end{tabular} \begin{tabular}{|lll} \hline ACCOUNI Don Megalfin, Capital ACCOUNT NO. & 311 \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & Supplies & 1 & & ACCOUNT No. & 141 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DATE & IIEM & POST. REF. & DEAIT & CPFDIT & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20} \\ \hline Jan. 31 & Balance & & 4 & & 700.00 & i \\ \hline tan31 & Closing & 110 & & & & 700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & very Equipme & & & ACCOUNT NO. & 185 \\ \hline & & & & & \multicolumn{2}{|c|}{ MALANCE } \\ \hline DATE & IIIM & POST, REF. & DEBIT & CREDIT & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20} \\ \hline Jan31 & Balance & & & & 3,200.00 & \\ \hline \end{tabular} a. Presare a oos-chosine thal balance. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline Accounts Payabla & & 1,200.00 & & & & 1,700.00 & & 4 & & 1,200.00 \\ \hline Wages Payble & & & & 400.00 & & 400.00 & & & & 400.00 \\ \hline Den Megothin, Capital & & 8,000,00 & & & & 8.000 .00 & & & & 0,000.00 \\ \hline Don Megaffin, Orawing & 1,100.00 & & & & 1,100.00 & & & & 1,100.00 & \\ \hline Repai fees: & & 4,700.00 & & & & 4,700,00 & & 4,700.00 & & \\ \hline Wages Expense. & 1,750.00 & & 400.00 & & 2,15000 & & 2,150.00 & & & \\ \hline Advertining Expense & 200.00 & & & & 200.00 & & 200.00 & & & \\ \hline Rent Experisu & 640.00 & & & & 640.00 & & 60.00 & & & \\ \hline Supplies boense & & & 200.00 & & 300.00 & & 300.00 & & & \\ \hline Phone Exprnse & 50.00 & & & & 50.00 & & 50.00 & & & \\ \hline Insuitance Expense & & & 230.00 & & 230.00 & & 230.00 & & & \\ \hline Cas and oil Expense & 200.00 & & & & 200.00 & & 200.00 & & & \\ \hline Deprecation Expense--Delivery Equipment & & & 55,00 & & 55.00 & & 55.00 & & & \\ \hline Mricellaneous Expense & 3700 & & & & 37.00 & & 37,00 & & & \\ \hline & 13,900.00 & 13,90000 & 985.00 & 985.00 & 14,355.00 & 14,355.00 & 3,66200 & 4,700.00 & 10,493.00 & 9,655.60 \\ \hline Net Income & & & & & & & 83a. 00 & & & 838.00 \\ \hline & & & & & & & 4,700.00 & 4,700.00 & 10,493.00 & 10,493.00 \\ \hline \end{tabular} Required: 1. Jaumalize (poge 10) and post the adjusting entries. Closing fintries and Post-Closing Iral Galanen A work sheet for Megaftin's Expairs for the month ended lanuary 31,20 is shomn. 3an. 31 Jan, 31 \begin{tabular}{|c|c|c|c|c|c|c|} \hline ACCOUNT & & Rent Expense & & & ACCOUNT NO. & 521 \\ \hline & & & & & \multicolumn{2}{|c|}{ BALANCE } \\ \hline DATE & ITEM & POSI. REF. & DEBIT & CREDIT & DEBIT & CREDIT \\ \hline \multicolumn{7}{|l|}{20=} \\ \hline Jan. 31 & Balance & & & & 640.00 & \\ \hline \end{tabular}

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