i need a post-closing trial balance for December 31, Year 1, Post the Year 1 events to T-accounts, Prepare a trial balance for Year 1, Prepare an income statement for Year 1, a journal entry worksheet that includes (Record entry to close service revenue, Record entry to close expenses) followed by more t accounts. please help

Chapter 3 Homework Colton Enterprises experienced the following events for Year 1, the first year of operation: 1. Acquired $35,000 cash from the issue of common stock 2. Paid $12,000 cash in advance for rent. The payment was for the period April 1, Year 1, to March 31, Year 2 3. Performed services for customers on account for $72,000 4. Incurred operating expenses on account of $35,000 5. Collected $55,500 cash from accounts receivable 6. Paid $21000 cash for salary expense Paid $28,000 cash as a partial payment on accounts payable. Part 4 of 769 Adjusting Entries 8. Made the adjusting entry for the expired rent. (See Event 2) 9. Recorded $2.400 of accrued salaries at the end of Year 1 Events for Year 2 1 Paid $2.400 cash for the salaries accrued at the end of the prior accounting period 2. Performed services for cash of $21000 3. Purchased $2,800 of supplies on account 4 Paid $13,200 cash in advance for rent. The payment was for one year beginning April 1, Year 2 5. Performed services for customers on account for $88,000. 6. Incurred operating expenses on account of $41,500 7. Collected $89.000 cash from accounts receivable 8. Paid $39,000 cash as a partial paryment on accounts payable. 9. Paid $31,500 cash for salary expense 10. Paid a $10,000 cash dividend to stockholders Adjusting Entries 11. Made the adjusting entry for the expired rent. (Hint: Part of the rent was paid in Year 1) 12. Recorded supplies expense. A physical count showed that $450 of supplies were stil on hand Prev10 11 12 13 of 13Next>