Credit 1. Curley Sandwiches sells fast-casual gourmet sandwiches in Maryland. The company's unadjusted trial balance is presented at December 31, 2018: Account Titles Debit Cash 148,000 Accounts receivable 10,800 Supplies 2,540 Prepaid insurance expense 3,790 Inventory 39,460 Kitchen equipment & furnishings 84,240 Accumulated depreciation Accounts payable Notes payable (3 years; 10% interest due each June 30th) Common stock (2,026 shares, $1 par) APIC Retained earnings (1/1/18) Food and beverage revenues COGS 259,970 Advertising expense 9,500 Wage expense 87,170 Rent expense 36,000 681,470 9,300 2,310 11,000 2,026 18,234 4,500 634,100 681,470 Additional information: a. The supplies count on December 31 was $200 b. Curley paid $3,790 for a one-year fire and liability insurance policy on April 1, 2018 C. Depreciation expense for the current year is $3,600 d. Employees are paid $3,480 every other Friday. December 31 is a Monday and the next pay date is January 4th. e. Income taxes for the year are $5,680 f. The notes payable for $11,000 was borrowed from the bank on September 1. Required: 1. Set up a t-account for each of the accounts above in the unadjusted trial balance. 2. Prepare adjusting entries using the information in a.-F. above (indicate the effect 1 V). 3. Post the adjusting entries to t-accounts and calculate the balance for each account 4. Calculate the amounts below at 12/31/18. List each account and amount to support your work (abbreviations are fine). Answers without supporting accounts and amounts will not be graded. Current Ratio Total Assets Income from Operations Total Owners' Equity 5. Prepare closing entries and post to the t-accounts. 6. Prepare a post-closing trial balance