Credit Account Titles Debit 5,000 6,000 12,000 79.000 8,000 The following information applies to the questions displayed below Printers, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial Two classmates Jane and Aaliyah began operations of their t-shirt printing shop (J & A Cloth balance on January 1, 2020, follows: Account 100 Cash 110 Accounts receivable 120 Supplies 130 Land 140 Equipment 141 Accumulated depreciation - Equipment 150 Other assets (not detailed to simplify) 210 Accounts payable 220 Wages payable 230 Interest payable 240 Income taxes payable 250 Long-term notes payable 300 Common stock (8,000 shares, $0.50 par value) 310 Additional paid-in capital 320 Retained earnings 400 Service revenue 540 Depreciation expense Supplies expense 530 Wages expense Interest expense 560 Income tax expense 570 Remaining expenses (not detailed to simplify) Totals 7,000 4,000 79,000 18.000 Downto 520 550 109,000 109,000 od 6. Prepare the Post-Closing Trial Balance as well as the Adjusted Trial Balance below. Account Name Post-closing Trial Balance Worksheet January 2020 Post-Closing Trial Adjusted Trial Balance Closing Entries Balance Debit Credit Debit Credit Debit Credit Cash Totals 17 6. Prepare the closing entry on January 31, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. After recording this closing entry, post the entry to the General Ledger in Part (3).) Debit Credit Account and Explanation Date Jan 31 NOTE: Do not forget to post this entry to the relevant T-Accounts (ledger accounts) Credit Calcul Debit 214,000 Closing JES Date Account 31-Jan Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense Remaining expenses Retained Earnings 400 540 520 530 550 560 570 320 9,000 22,000 15,000 100 12,000 112,000 43,900