Consider the unadjusted trial balance of Potbelly Company at December 31, 2019, and the related month-end adjustment data.

Potbelly Company Unadjusted Trial Balance 31-Dec-19

Debit Credit

Cash 6,900

Accounts receivable 1,100

Prepaid rent 3,500

Supplies 1,100

Motor Vehicle 77,000

Accumulated depreciation 3,400

Accounts payable 3,300

Salary payable

Potbelly, capital 80,000

Potbelly, drawing 4,400

Service revenue 9,600

Salary expense 1,500

Rent expense

Fuel expense 800

Depreciation expense

Supplies expense

Total 96,300 96,300

Adjustment data at December 31 2019 are as follows:

1. Accrued service revenue at December 31 , $1,500

2. $700 of the prepaid rent expired during the month.

3. Supplies on hand at December 31 , $700

4. Depreciation on motor vehicle for the month, $1,400.

5. Accrued salary expense at December 31 , $300 ACCT125

Requirement:

From the information presented, prepare the following:

1. Adjusting journal entries

2. Adjusted trial balance

3. Income statement

4. Owner's equity statement

5. Balance sheet

6. Closing entries

7. Post-closing trial balance