INSTRUCTIONS 1. Record the balances as of June 30 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 121 for Supplies; 131 for Computers; 142 for the Accumulated Depreciation account: 309 for Income Summary; 517 for Supplies Expense; 519 for Travel Expense; and 523 for Depreciation Expense 4. Journalize (use 4 as the journal page number) and post the closing entries. 5. Prepare a postclosing trial balance. Analyze: What is the reported net income for the month of June for Roy Anderson, CPA? Critical Thinking Problem 6.1 The Closing Process The Trial Balance section of the worksheet for Contemporary Fashions for the period ended December 31. 2019, appears below. Adjustments data are also given. ADJUSTMENTS a. Supplies used, $3.600 b. Expired insurance, $2.400 c. Depreciation expense for machinery, $1,200 INSTRUCTIONS 1. Complete the worksheet. 2. Prepare an income statement. 3. Prepare a statement of owner's equity