COMPLETION OF THE ACCOUNTING CYCLE Task 14 Using the adjusted trial balance below: (a) (b) (c) Prepare an income statement, statement of owner's equity and classified balance sheet. Prepare the closing entries Post to Capital and the Income Summary accounts Prepare a post-closing trial balance THOMAS' DJ. ON DEMAND Adjusted Trial Balance For the Month Ended July 31, 2021 Account Titles Dr Cash Accounts Receivable Equipment Accum. Depreciation Accounts Payable Uneamed Rent Revenue Capital Withdrawals Service Revenue Rent Revenue Depreciation Expense Salaries Expense Utility Expense 50,060 1.800 11.900 1.790 590 3.100 36,100 220 61,370 3,070 330 36,800 4910 106,020 106,020 Task #3 (Cont'd) (0) SLEEP WELL Adjusted Trial Balance May 31,2021 Debit Credit Cash Accounts Receivable Prepaid Insurance Supplies Office Furniture Accumulated Depreciation - Office Furniture Accounts Payable Travel Payable Salaries Payable Unearned Service Revenue Capital Service Revenue Salaries Expense Rent Expense Depreciation Expense Insurance Expense Travel Expense Supplies Expense (b) General Journal Account Titles (Explanation NOT required) Debit Credit Date July 31 July 31 July 31 July 31 c) Capital Date Jul 31 Ref Explanation Dchat Crede No. 320 Balance 36,100 Balance Closing Entry Closing Entry JIS JIS No. 350 Halang Ref Debit Crede Explanation Income Summary Date Jul 31 Closing Entry Closing Entry Closing Entry JIS J15 J15 (d) THOMAS DJ. ON DEMAND Post-Closing Trial Balance For the Month Ended July 31, 2021 Debit Credit Task (ca) THOMAS DLON DEMAND Income Street For the Month Esdied July 31, 2021 Revenues Total TV Expenses Total expenses Net Income (L) THOMAS DJ. ON DEMAND Statement of Owner's Equity For the Month Eaded July 31, 2021 Capital, June 30, 2021 Add: Le Capital, July 31, 2021 THOMAS DON DEMAND Balance Sheet July 31, 2021 Assets Contact Total current issets Property, plant and equipment Total Property, plant and equipment Totalt Liabilities and Owners Equity Current liabilities Tocal currenties Owner's equity Total liabilities and owner's equity