eBook L' Show Me How Financial Statements and Closing Entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance Company prepared the end-of-period spreadsheet that follows at June 30, 201, the Jend of the final year: Last Chance Company End-of-Period Spreadsheet For the Year Ended June 30, 2011 Unadjusted Trial Balance Adjusted Trial Balance Adjustments Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 5.100 5,100 Accounts Receivable 22,750 ta 3,750 26,500 3,800 (6) 1,300 2,300 Prepaid Insurance Supplies 2,025 (c) 1,500 525 Land 30,000 30,000 Building 340,000 340.000 190,000 (0) 5,000 193,000 Accum. Der-Building qument Accum Deor. --Equipment 140.000 140,000 1.450 0 4,550 59,000 Accounts Payable 9.750 Show Me How eBook COM 23,00 140,000 140,000 54,450 4,550 59,000 9,750 9,750 ( 1,900 1,900 3,000 1,500 4,500 (9) 361,300 361,300 20,000 20,000 280,000 3,750 283,750 (9) 3,000 3,000 Equipment Accum. Depr.--Equipment Accounts Payable Salaries and Wages Payable Uneamed Rent Tami Garrigan, Capital Tami Garrigan, Drawing Fees Earned Rent Revenue Salaries and Wages Expense Advertising Expense Ucilities Expense Travel Expense Depr. Exp.--Equipment Depr. Exp. -Building Supplies Expense Insurance Expense Misc. Expense 145,100 1,900 147,000 86,800 86,800 30,000 30,000 18,750 18,750 (e) 4,550 4,550 3,000 3,000 (c 1,500 1,500 (b) 1,300 1,300 5,875 5,875 900,000 900,000 19,000 19,000 913,200 913,200 Required: CM 283.750 In 1112 4. On the basis of the end-of-period spreadsheet, journalize the closing entries. If an amount box does not require an entry, leave it blank. June 30 Pees Earned Rent Revenue Tami Garrigan, Capital Salaries and Wages Expense Advertising Expense Utilities Expense Travel Expense Depreciation Expense-Equipment Depreciation Expense-Building Supplies Expense Insurance Expense Miscellaneous Expense v JI JIJI June 30 Tami Garrigan, Capital Tami Garrigan, Drawing