HEEL-TO-TOE SHOES Adjusted Trial Balance December 31, 2011 No. Account Title Debit Credit 101 Cash $13,450 125 Store supplies. 4,140 128 Prepaid insurance. 2,200 167 Equipment 33,000 168 Accumulated depreciation-Equipment $ 9,000 201 Accounts payable 1,000 210 Wages payable 3,200 301 P. Holt, Capital 31.650 302 P. Holt, Withdrawals 16,000 401 Repair fees earned 62.000 612 Depreciation expense-Equipment 3,000 623 Wages expense 28,400. 637 Insurance expense 1,100 640 Rent expense 2.400 651 Store supplies expense 1,300 690 Ulities expense Totals 1960 $106.850 $106.850 entries, and financial statements C3 P2 P3 Required 1. Prepare an income statement and a statement of owner's equity for the year 2011, and a classified bal Check Ending capital balance ance sheet at December 31, 2011. There are no owner investments in 2011. 2. Enter the adjusted trial balance in the first two columns of a six-column table. Use the middle two columns for closing entry information and the last two columns for a post-closing trial balance. Insert an Income Summary account (No. 901) as the last item in the trial balance. 3. Enter closing entry information in the six-column table and prepare journal entries for it. $39.590 2) PC tral balance totals 2.700