I am needing requiments 5-8 ONLY.

the adjusted trial balance

the financial statments

and the post-closing trial balance

7. Prepare a post-closing trial balance 8. Calculate the current ratio for the company. es 1, 2. 3 P4-39B Completing the accounting cycle from journal entries to post-closing trial balance with an optional worksheet On December 1, Curt Wilson began an auto repair shop, Wilson's Quality Automotive. 4, 5 ngs $9,080 Dec.1 Wilson contributed $63,000 cash to the business in exchange for shares of common stock Purchased $14,400 of equipment paying cash. Paid $3,600 for a twelve-month insurance policy starting on December 1 9 Paid $15,000 cash to purchase land to be used in operations. 10 Purchased office supplies on account, $2,200. 19 Borrowed $24,000 from the bank for business use. Wilson signed a notes payable c" to the bank in the name of the corporation. The note is due in five years. Paid $2,000 for advertising expenses. 22 26 Paid $1,000 on account 28 The business received a bill for utilities to be paid in January, $260. 31 Revenues earned during the month included $18,500 cash and $3,800 on account. 31 Paid employees' salaries $3,900 and building rent $800. Record as a compound entry. 31 The business received 51,380 far auto screening services to be performed next month. 31 Paid cash dividends of 55,000 to stoc holders The business uses the following accounts: Cash, Accounts Receivable; Office Supplics; Prepaid Insurance; Land; Equipment; Accumulated Depreciation-Equipment Accounts Payable; Utilities Payable; Interest Payable; Unearned Revenue; Notes Payable; Common Stock; Retained Earnings; Dividends; Income Summary: Service Revenue; Sal- aries Expense; Rent Expense; Utilities Expense;, Advertising Expense; Supplies Expense; Insurance Expense; Interest Expense; and Depreciation Expense Equipment. Adjustment data: a. Office Supplies used during the month, $600. b. Depreciation for the month, $240. c. One month insurance has expired. d. Accrued Interest Expense, $120 Requirements 1. Prepare the journal entries, and post to the T-accounts. 2. Prepare an unadjusted trial balance. 3. Complete the worksheet for the month ended December 31, 2018 (optional). 4. Prepare the adjusting entries,and post to he 5. Prepare an adjusted trial balance. 6. Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form. 7. Prepare the closing entries, and post to the T-accounts. Prepare a post-closing trial balance. P4A-40B Preparing adjusting entries and reversing entries The unadjusted trial balance and adjustment data of Myla's Motors at December 31, 2018, follow: MYLA'S MOTORS Unadjusted Trial Balance December 31, 2018 Balance 31 -SUM(H8:H30) P4-39B Wilson's Quality Automotive Adjusted Trial Balance December 31, 2018 Equipment Debits and Credits should equal 2500 112 100x Home I-Layout Tables Charts-"-SmartArt Formulas l . Dala -Review FillCalibri (Body)12 abc Wrap Text|General Clear BIU AS P4-39B, Pe 240 Accounting 101 Project Part Wilson's Quality Automotive Income Statement Month Ended December 31, 2018 Service Revenue 10 Expenses: 13 14 15 16 17 18 19 20 21 Salaries expense Rent expense Utilities expense Advertising expense Supplies expense Insurance expense Interest expense Total expenses Net income Check Figure 23 24 25 26 27 28 Wilson's Quality Automotive Retained Earnings Statement Month Ended December 31, 2018 Retained Earnings, December 1 Add: Net income 29 30 31 32 Less: Dividends Retained Earnings, December 31 Check figure Wilson's Quality Automotive Balance Sheet December 31, 2018 Assets 36 Current Assets 38 39 40 Cash Accounts receivable Office supplies Journal Pagesa GeneralLedger. unadjusted Trial Balance Ad usted Trial BalanceFinancial Statements Normal View FllT Times New Roman 11 Wrap Text P4-39B, Pe. 240 Wilson's Quality Automotive Post-Closing Trial Balance December 31, 2018 01 Cash 112 Accounts Receivable 118 Office Supplies 125 Prepaid Insurance 157 Land 160 Equipment 161 Accumulated Depreciation Equipment 201 Accounts Payable 203 Utilities Payable 205 Interest Payable 207 Uncarmed Revenue 209 Notes Payable 311 Common Stock 315 Retained Earnings 99.280 Debits and Credits should equal: Adjusted Tr al Balance .. ..1 Journal Pages Ready ar General Ledger d unadjusted Tnal Balance