DIGICEL M 37% 4:25 PM W + + Expert Q&A Schals Shoes L a retailer or children's school shoes and they hav e Unadjusted Trial Balance: Scholes Shoes Ltd Unadjusted Trial Balance as at December 31, 2018 DR 1.500.000 1.200.000 0000 90.000 1.600.000 10.000.000 12000 NC Name Cash Accounts receivable Allowance for bad debt Merchandise Inventory Store Supplies Prepaid Insurance Bung Accumulated depreciation - Bukling Fictures and Fungs Accumulated depreciation Fixtures and Fittings Accounts payable Wages payable Interest payable Uncamed Sales revenue Mortage Scholes Capital Schokes. Withdrawals Saks revenue Sales discount Sales retums and allowances 240.000 000.00 6.500 150 70,000 65,000 130.000 1.000.000 8700 Wages Expene Inance Expense Deprecation Expense - Huy 5 The following additional information was made available at December 31, 2018 37% DIGICEL M + Expert Q&A 4:26 PM + The following additional information was made available at December 31, 2018 a) Insurance of 51,600,000 was paid on January 1, 2018 for the period January 2018 10 April 2019. b) The company's building has an estimated life of ten (10) years and is being depreciated on the straight-line method of depreciation, down to a residual value of So. e) The fixtures and fittings are being depreciated over ten (10) years on the double declining method of deprecation, down to a residue of $128.849. d) Wages earned by the company's employees and NOT paid at December 31, 2018 amounted to $130.000 e) A physical count of inventory at December 31, 2018, reveals $405,000 worth of inventory on hand The aging of the accounts receivable schedule at December 31, 2018 indicated that the estimated uncollectible on accounts receivable is $120.000 D) Uneamed sales revenue eamed during December 2018, S100.000 h) Accrued interest payable on mortgage $120,000 Required: 1. Prepare the necessary adjusting entries on December 31, 2018 2. Prepare the company's Multiple step Income Statement for the year ended December 2018 3. Prepare the company's statement of Owner's Equity for the year ended December 2011 4. Prepare the company's classified Balance Sheet at December 31, 2018 5. Prepare the closing entries 6. Prepare the post-closing trial balance