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At the end of December, the general ledger for job connect showed the following balances:

PROBLEM 10-9 Completing End-of-Period CHALLENGE Activities PROBLEM At the end of December, the general ledger for Job Connect showed the following account balances: General Ledger 101 Cash in Bank 105 Accts. Rec.- 6,000 207 Accts. Pay.-Wildwood Furniture Sales 110 Accts. Rec.- CompuRite Systems 1,000 301 Richard Tang, Capital 23,600 2,000 Marquez Manufact. 500 302 Richard Tang, 113 Accts. Rec.-Roaring Withdrawals 3,000 Rivers Water Park 303 Income Summary 600 115 Accts. Rec.-M. Spencer 200 401 Placement Fees Revenue 6,900 130 Office Equipment 7,000 405 Technology Classes Revenue 2,400 135 Office Furniture 5,000 501 Advertising Expense 3,000 140 Computer Equipment 8,500 505 Maintenance Expense 800 201 Accts. Pay.-Micro 510 Miscellaneous Expense 800 Solutions Inc. 2,800 520 Rent Expense 2,000 205 Accts. Pay.-Vega 530 Utilities Expense 900 Internet Services 1,600 INSTRUCTIONS Using the preceding account names and balances: 1. Prepare the six-column work sheet. The period covered is one month. 2. Prepare the financial statements. 3. Record the closing entries on page 28 of the general journal. 4. Post the closing entries. 5. Prepare a post-closing trial balance. Analyze Identify the largest expenditure for the period