GENERAL JOURNAL Page 25 CR Date Account Titles PR DR GENERAL JOURNAL Page 25 CR Date Account Titles PR DR On January 31, the following adjusting data is available: a. There are $2,700 of office supplies still on hand on January 31. b. The insurance expires at $400 per month. c. Monthly depreciation on the office equipment is $200. d. Monthly depreciation on the truck $350 per month. e. As of January 31, $200 of wages have accrued. f. As of January 31, $300 of the unearned repair revenue received on January 23 has been earned. g. Interest of $120 has accrued on the notes payable. REQUIRED: D. Journalize the adjusting entries in the general journal. (14 points) E. Post the adjustments to the accounts in the general ledger. (2 points) Prepare an adjusted trial balance for January 31, 2018. (3 points) G. Prepare an income statement, statement of owner's equity, and a classified balance sheet for January (assume the notes payable are short-term). (Create your own) (15 points) H. Journalize the closing entries in the general journal. (10 points) Post the closing entries to the accounts in the general ledger. (2 points) Prepare a post-closing trial balance. (3 points) F. CHECK FIGURES: Trial Balance Totals Adjusted Trial Balance Totals Net Income Post-Closing Trial Balance Totals 61,900 62.770 970 56,840 GENERAL JOURNAL Page 25 CR Date Account Titles PR DR GENERAL JOURNAL Page 25 CR Date Account Titles PR DR On January 31, the following adjusting data is available: a. There are $2,700 of office supplies still on hand on January 31. b. The insurance expires at $400 per month. c. Monthly depreciation on the office equipment is $200. d. Monthly depreciation on the truck $350 per month. e. As of January 31, $200 of wages have accrued. f. As of January 31, $300 of the unearned repair revenue received on January 23 has been earned. g. Interest of $120 has accrued on the notes payable. REQUIRED: D. Journalize the adjusting entries in the general journal. (14 points) E. Post the adjustments to the accounts in the general ledger. (2 points) Prepare an adjusted trial balance for January 31, 2018. (3 points) G. Prepare an income statement, statement of owner's equity, and a classified balance sheet for January (assume the notes payable are short-term). (Create your own) (15 points) H. Journalize the closing entries in the general journal. (10 points) Post the closing entries to the accounts in the general ledger. (2 points) Prepare a post-closing trial balance. (3 points) F. CHECK FIGURES: Trial Balance Totals Adjusted Trial Balance Totals Net Income Post-Closing Trial Balance Totals 61,900 62.770 970 56,840