Chapter The Accounting Cycle Statements and long CR Limbo Lower Adjusted Trial Balance September 30, 2019 Account Title DR Cash $6,450 Accounts Receivable 1,450 Prepaid Insurance 1,650 Equipment 9300 Accumulated Depreciation Equipment $120 Accounts Payable 3,050 Unearned Revenue 1,040 Bank loan 4,640 Patel Capital 11.450 Patel, Withdrawals 1,600 Service Revenue 2.260 Depreciation Expense 120 Insurance Expense 150 Interest Expense 40 Office Supplies Expense 450 Rent Expense 1,350 Total $22.560 522.560 Note: The daily transactions and adjustments for the month of September have already been posted in the general ledger. You are only responsible for posting the closing entries Required al Prepare the income statement b) Prepare the statement of owner's equity 230 O Chapter 2 C Rede diuue Chapter 6 The Accounting Cycle Statements and Closing Entries d Prepare the balance sheet di Create the closing entries using the income summary account and post the closing entries to the ledger accounts on the following pages. Date Account Title and Explanation PR Debit Credit 231 O 231 Chapter 6 The Accounting Cycle Statements and Casing inte e) Prepare the post-closing trial balance. O JOI