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Completing the Accounting Cycle Shady's Restoration Services Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Cleaning Supplies $45,572 68,980 12,443 40,300 Accumulated Depreciation-Cleaning Equipment

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Completing the Accounting Cycle Shady's Restoration Services Unadjusted Trial Balance December 31, 2018 Cash Accounts Receivable Cleaning Supplies $45,572 68,980 12,443 40,300 Accumulated Depreciation-Cleaning Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue $23,200 12,640 15,650 45,000 95.300 81,200 Total 262.595 $262.595 The following information is also available: a. Ending inventory of cleaning supplies, $ 2,550 b. Depreciation of cleaning equipment for the period, $ 11,000 c. Salaries to accrue at the end of the period, $ 2,425 d. Service revenue still unearned at the end of the period, $ 4,750 e. Service revenue earned but not billed, $ 12,500 Requirements: 1. Prepare adjusting journal entries. Post to the ledger. 2. Prepare an adjusted trial balance. 3. Prepare the financial statements: Income Statement, Statement of Retained Earmings, and Balance 4. Prepare the closing journal entries, and post to the ledger. Determine final balances. Sheet. Formatting Do NOT use cents (.00) in any records. tax ians or cente Amounts do contain comma

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