INSTRUCTIONS 1. Record balances as of December 31 in the ledger accounts. 2. Prepare the worksheet. 3. Journalize (use 3 as the journal page number) and post the adjusting entries. Use account number 131 for Prepaid Advertising and the same account numbers for all other accounts shown in @ Mini-Practice Set 1 for Eli's Consulting Services' chart of accounts. 4. Journalize (use 4 as the journal page number) and post the closing entries. 5. Prepare a postclosing trial balance. At Home Pet Care Service Worksheet Month Ended December 31, 20X1 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT 64 10000 10 90 000 12 00000 8 00000 42 00000 (a) (b) 4 20 000 380 000 (c) 1 1 6 000 12 000 00 91 000 00 Cash Accounts Receivable Supplies Prepaid Advertising 5 Equipment Accumulated Depreciation-Equipment Accounts Payable 8 Larry Sims, Capital 9 Larry Sims, Drawing 10 Fees Income 11 Salaries Expense 12 Utilities Expense 13 Supplies Expense 14 Advertising Expense 15 Depreciation Expense-Equipment 16 Totals 6 000 00 53 20 000 11 60 000 1 60 000 (a) (b) (c) 420 000 3 80 000 1 1 60 00 156 20 000 156 20 000 91 60 00 91 6 000 17 18 19 Analyze: What total debits were posted to the general ledger to complete all closing entries for the month of December? Page 188