Edge Sports Repair Shop adjusts its accounts monthly. The following is Edge Sports Repair Shop's trial balance at December 31, 2019, the company's fiscal year end: EDGE SPORTS REPAIR SHOP Trial Balance December 31, 2019 Debit 1 16.250 counts receivable 27.900 Prepaid insurance 1000 Adjusting Entries Debit Credit Closing Entries Closing Entries Debit Credit Post-closing TB Debit Credit Credit Adjusted To Debit Credit 16.250 27,900 1000 SO 500.000 300.000 1940 500 000 300 000 200.000 36,000 9.500 30,000 9565 4.400 5250 620 000 Acoul d depreciation-busing PA Accumulated depreciation equipment Patents Accounts payable Unearned revenue Salaries Payable Interest Payable Mortgage payable R. Bwana R Brachandavings Service revenge Interest Expense Swaries Expense Utilties Ewende Supplies Expense Insurance Expense Depreciation Expense 45000 154 000 16.000 28875 154,000 1.000 7600 17825 work area 42 Additional information: 1) The mortgage payable has a 5% interest rate. Interest is paid on the first day of October for the previous 12 month's interest. 2) On December 31, 2019, three quarters of the unearned revenue was still unearned. 3) A physical count of supplies shows 5790 on hand on December 31, 2019 4) The building has an estimated useful life of 50 years. The equipment has an estimated useful life of twelve years. 5) Service revenue earned but not recorded at December 31, 2019, was $6.200. 6) Salaries of $3,400 have been incurred but are unpaid at December 31, 2019. Payday will be on January 4, 2020 7) During the next fiscal year, 518,400 of the mortgage payable is to be repaid 8) The 12-month insurance policy was purchased for 55.000 cash on February 1, 2019 Bread all appropriate singers using the General Journal format provided below Select the most appropriate account name from the drop down let in each space and enter the transaction amount in the and spaces No explanations are required "Post your adjusting entries into the closing entries columns (columns and to the right of the Adjusted Trio Malonce columns. Calculate the account balances Closing The Malance columns (colum Dec 13 210 211 Part D Post-Closing Trial Balance 212 213 Prepare the company's post-closing trial balance. 214 Be sure to use proper titles and formatting. 215 216 217 218 219 222 223 work area Owner's Equity Statement: R Brachiman, Capital Less: Drawing Add: Net Income Ending Balance 72.150 -45,000 4.600 31.750 16.250 34.100 $ $ 51,640 500,000 $ $ 300,000 214,000 $ 36.000 $ 12,500 Balance Sheet: Assets: Current Assets: Cash Accounts Receivable Prepaid insurance Supplies Total Current Assets Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Patent Total Assets Laibilities and Owner's Equity Current abilities: Accounts Payable Unearned Service Revenue Salaries Payable Interest Payable Current portion of Mortgage payable Current abilities Mortare Payable Total Liabilities R Brachman Capital Total Liabilities and owner's Equity $ $ $ 23,500 30.000 691,140 $ $ 9,565 2.100 $ 3.400 1.125 $ 18.400 47,790 611.600 $ 601.140