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Instructions: (A) Enter the unadjusted trial balance into the worksheet. (B) Bill's makes adjustments monthly. Prepare the adjustments at December 31, 2022, in good
Instructions: (A) Enter the unadjusted trial balance into the worksheet. (B) Bill's makes adjustments monthly. Prepare the adjustments at December 31, 2022, in good form. 1. The insurance policy was puchased for $4,500 for one year, starting September of this year. 2. A utilities bill for $95 for December is unpaid and has not been recorded. 3. The interest rate on the Note Payable is 6%. It was signed effective June 1 of this year. 4. $1,000 of the Unearned Revenue has been earned during the month. 5. Wages of $350 are owed at the end of the month. 6. Supplies on hand at the end of the month is $300. 7. Depreciation is calculated at $550 per month. (C) Post the adjustments to the General Ledger. Ignore referencing. (D) Complete the remaining columns on the worksheet. Numbering adjustments is not required. (E) Journalize the closing entries, in good form. (F) Post the closing entries. (G) Prepare the post-closing trial balance. Facts Worksheet General Journal General Ledger Post-Closing Trial Balance
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