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Lyon Mechanic Services prepared the following work sheet for the year ended March 31, 20--.

Lyon Mechanic Services
Work Sheet
For Year Ended March 31, 20--
		TRIAL BALANCE		ADJUSTMENTS		ADJUSTED TRIAL BALANCE
	ACCOUNT NAME	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT
1	Cash	7,225.00				7,225.00		1
2	Accounts Receivable	1,495.00				1,495.00		2
3	Supplies	830.00			(e) 430.00	400.00		3
4	Prepaid Insurance	2,335.00			(a) 515.00	1,820.00		4
5	Equipment	9,850.00				9,850.00		5
6	Accumulated Depreciation, Equipment		3,950.00		(b) 435.00		4,385.00	6
7	Truck	18,885.00				18,885.00		7
8	Accumulated Depreciation, Truck		4,675.00		(c) 495.00		5,170.00	8
9	Accounts Payable		2,055.00				2,055.00	9
10	J. Lyon, Capital		21,200.00				21,200.00	10
11	J. Lyon, Drawing	3,640.00				3,640.00		11
12	Fees Earned		18,175.00				18,175.00	12
13	Salary Expense	1,905.00		(d) 395.00		2,300.00		13
14	Advertising Expense	1,340.00				1,340.00		14
15	Truck Operating Expense	980.00				980.00		15
16	Utilities Expense	1,370.00				1,370.00		16
17	Miscellaneous Expense	200.00				200.00		17
18		50,055.00	50,055.00					18
19	Insurance Expense			(a) 515.00		515.00		19
20	Depreciation Expense, Equipment			(b) 435.00		435.00		20
21	Depreciation Expense, Truck			(c) 495.00		495.00		21
22	Salaries Payable				(d) 395.00		395.00	22
23	Supplies Expense			(e) 430.00		430.00		23
24				2,270.00	2,270.00	51,380.00	51,380.00	24
25	Net Income							25
26								26

Required:

1. Journalize the closing entries using the four steps in the correct sequence. If an amount box does not require an entry, leave it blank. GENERAL JOURNAL PAGE DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Closing Entries Mar. 31 Mar. 31 Mar. 31 Mar. 31 2. Prepare a post-closing trial balance. Assume that there was an additional investment of $8,000 on March 13. List all the accounts in the proper order as described in the textbook. Lyon Mechanic Services Post-Closing Trial Balance March 31, 20-- Debit Credit