Completing the Accounting PR 4-4B Ledger accounts, adjusting entries, financial statements, and closing period spreadsheet y1, 2016, the end of the of Recessive Ineeriors The unadwusted trial balance Net income unadjusted TrialDRlance 11 Cash 13 Prepaid Insurance 90,000 27,100 Jeanne McQuay, Capital 32 Jeanne McQuay, Drawing 41 Service Revenue Wages Expense 52 Rent Expense 5,350 53 Truck Expense. 59 Miscellaneous Expense 325,000 325.000 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at January 31 are S2,850. b. Insurance premiums expired during the year are s3,150. of equipment during the year is s5,250. d. Depreciation of trucks during the year is s4,000. e. wages accrued but not paid at January 31 are $900. nstructions balance, enter the balance in the ap 1. For each account listed in the unadjusted trial place a check mark in propriate Balance column of a four-column account and the Posting Reference column. 2. Enter unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. A the accounts listed in part needed. 3. Journalize and post the adjusting entries, inserting balances in the accounts affected. Record adjusting entries on Page 26 of the journal. The following additional ac- the used: Wages Payable, 22; chart of accounts should be Depreciation Expense-Equipment, 54; Supplies Expense, 55; Depreciation Expense Trucks, 56; Insurance Expense, 57. 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a statement of owners equity (no additional investments were made during the year, and a balance sheet. 6. Journalize and post the closing entries. Record the closing entries on Page 27 of the journal. (Income Summary is account the chart of accounts.) Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry. 7. Prepare a post-closing trial balance