Chapter 4Completing the Accounting Cycle 213 PR 4-3A T closing entries; optional end-of-period spreadsheet accounts, adjusting entries, financial statements, and Obj. 2, 3 come: The unadjusted trial balance of Epicenter Laundry at lune 30, 2018, the end of the fiscal year, 0,700 follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2018 Debit Balances 11,000 21,500 9,600 LEDGER Balances Cash Laundry Supplies 232,600125,400 Accounts Payable Common Stock Retained Earnings Dividends 11,800 10.000 232.200 Rent Expense... Utilities Expense Miscellaneous Expense 40,000 19,700 -5400 475,000 475,000 The data needed to determine year-end adjustments are as follows: A) Laundry supplies on hand at June 30 are $3,600. 1B) Insurance premiums expired during the year are $5,700. C) Depreciation of laundry equipment during the year is s6,500. ID) Wages accrued but not paid at June 30 are $1,100. Instructions 1. For each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as June 30 Bal." In addition, add T accounts for Wages Payable, De- Laundry Supplies Expense, Insurance Expense, and Income Summary. spreadsheet and complete 2. (Optional) Enter the unadjusted trial balance on an end-of-period 3. Journalize and post the adjusting entries. Identify the adjustments by "Adj. and the new preciation Expense, the spreadsheet. Add the accounts listed in part (1) as needed balances as "Adj. Bal. 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a retained earnings statement, and a balance sheet. 6. Journalize and post the closing entries. Identify the closing entries by "Clos." 7. Prepare a post-closing trial balance