Comprehensive Accounting Cycle Review 9-2 (Part Level Submission) Whispering Winds Corp. prepares quarterly financial statements. The post-closing trial balance at December 31, 2016, is presented below. WHISPERING WINDS CORP. Post-Closing Trial Balance December 31, 2016 Debit $23,400 22,600 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Equipment Accumulated Depreciation Equipment Buildings Accumulated Depreciation-Buildings Land Accounts Payable Common Stock Retained Earnings $1,500 24,000 10,000 109,000 10,000 20,000 12,100 82,000 83,400 $199,000 $199,000 During the first quarter of 2017, the following transactions occurred: On February 1, Sheffield collected fees of $10,800 in advance. The company will perform $900 of services each month from February 1, 2017, to January 31, 2018