Check my work Income Statement Debit Credit 93,400 Account Name Cash Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation-Equipment Accounts payable Randy Best, Capital Randy Best, Drawing Fees income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income THE BEST GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Debit Credit Debit Credit Debit Credit 93,400 13,000 13,000 8,000 (a) 3,400 4,600 32,000 (b) 4,000 28,000 85,000 85,000 (c) 3,400 3,400 13,000 13,000 142,000 142,000 9,400 9,400 103,500 103,500 (a) 3,400 3,400 (b) 4,000 4,000 (c) 3,400 3,400 15,400 15,400 2,300 2,300 258,500 258,500 10,800 10,800 261,900 261,900 Balance Sheet Debit Credit 93,400 13,000 4,600 28,000 85,000 3,400 13,000 142,000 9,400 103,500 3,400 4,000 3,400 15,400 2,300 28,500 75,000 103,500 103,500 233,400 103,500 158,400 75,000 233,400 103,500 233,400 Required: 1. Record the adjusting entries in the general journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. 4. Prepare a postclosing trial balance. View transaction list View journal entry worksheet No Debit Credit Date General Journal Dec 31, 20x1 No Transaction Recorded 1 2 Dec 31, 20x1 No Transaction Recorded 3 Dec 31, 20X1 No Transaction Recorded 4 Dec 31, 20X1 No Transaction Recorded Req 1 and 2 Reg 3 > Account No: 121 Credit Balance Account No: 131 Credit Balance Debit Supplies Date Dec 31, 20X1 Dec 31, 20X1 Prepaid Advertising Date Debit Dec 31, 20X1 Dec 31, 20X1 Accumulated Depreciation- Equipment Date Debit Dec 31, 20X1 Account No: 142 Credit Balance Account No: 301 Credit Balance Randy Best, Capital Date Debit Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No: 302 Credit Balance Account No: 309 Credit Balance Randy Best, Drawing Date Debit Dec 31, 20X1 Dec 31, 20X1 Income Summary Date Debit Dec 31, 20X1 Dec 31, 20X1 Dec 31, 20X1 Account No: 401 Credit Balance Account No: 511 Credit Balance Debit Fees Income Date Dec 31, 20X1 Dec 31, 20X1 Salaries Expense Date Debit Dec 31, 20X1 Dec 31, 20X1 Account No: 401 Credit Balance Account No: 511 Credit Balance Debit Fees Income Date Dec 31, 20X1 Dec 31, 20X1 Salaries Expense Date Debit Dec 31, 20X1 Dec 31, 20X1 Account No: 514 Credit Balance Account No: 517 Credit Balance Utilities Expense Date Debit Dec 31, 20X1 Dec 31, 20X1 Supplies Expense Date Debit Dec 31, 20X1 Dec 31, 20X1 Account No: 523 Account No: 526 Credit Balance Depreciation Expense-Equipment Date Debit Dec 31, 20X1 Dec 31, 20X1 Balance Advertising Expense Date Debit Dec 31, 20X1 Dec 31, 20X1 Credit THE BEST GROUP Postclosing Trial Balance December 31, 20X1 Account Name Debit Credit Totals $ 0 $ 0 How many accounts are listed in the adjusted and postclosing trial balance section? Adjusted trial balance Postclosing trial balance accounts accounts