Instructions Chart of Accounts General Journal Taccounts Instructions A partial work sheet for the month ended june 30, 20- for Adams' Shoe Shine is shown Adams' Shoe Shine Work Sheet (Partial) For Month Ended June 30, 20 INCOME STATEMENT INCOME STATEMENT BALANCE SHEET BALANCE SHEET 2 ACCOUNT TITLE DEBIT CREDIT CREDIT DEBIT Cash 2,959.00 4 Accounts Receivable 1.243.00 700.00 650.00 2,200.00 120.00 1,850,00 Supplies Prepaidh Insurance Office Equipment + Accumulated Depreciation Office Equipment Accounts Payable 10 Wages Payable 11 Mary Adams, Capital Mary Adams, Drawing 11 Service fees 14 Wages Expense 250.00 6.000.00 2.200,00 4.814.00 1070,00 Check My Work osing Entries (Net Income) Instructions Chart of Accounts General Journal Taccounts 6.000.00 Instructions # Mary Adams, Capital 12 Mary Adams. Drawing Service Fees 2.200.00 4,814.00 1.070.00 36.00 1.000.00 322.00 133.00 14 Wages Expense 13 Advertising Expense 15 Rent Expense 17 Supplies Expense 11 Phone Expense 19 Utilities Expense 20 Insurance Expense 11 Gas and Oil Expense 22 Depreciation Expense Office Equipment 21 Miscellaneous Expense 103.00 110.00 89.00 120.00 99.00 3.082.00 4,814.00 24 9.952.00 8.220.00 3 Net Income 1.732.00 1732.00 54.814,00 24 54.814.00 $9.952.00 59.952.00 Required: 1. Prepare closing entries 2. Post the closing entries to the T accounts Check My Work Instructions Taccounts Chart of Accounts General Journal Instructions Chart of Accounts CHART OF ACCOUNTS Adams' Shoe Shine General Ledger ASSETS REVENUE 401 Service Fees 101 Cash 122 Accounts Receivable 141 Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation Office Equipment EXPENSES 511 Wages Expense 512 Advertising Expense 521 Rent Expense 523 Supplies Expense 525 Phone Expense LIABILITIES a 533 Ulities Expense 202 Accounts Payable 219 Wages Payable 535 Insurance Expense 538 Gas and Oil Expense 542 Depreciation Expense-Office Equipment 549 Miscellaneous Expense EQUITY 311 Mary Adams, Capital 312 Mary Adams, Drawing 313 Income Summary Check My Work losing Entries (Net Income) Instructions Chart of Accounts General Journal Taccounts Instructions Chart of Accounts General Journal CREDIT DEBIT POST REF DATE ACCOUNT TITLE Closing Entries 2 10 11 12 11 14 16 Check My Work Instructions Taccounts Chart of Accounts General Journal nstructions Chart of Accounts General Journal T accounts Cash 1 Bal 2,959 3 Accounts Receivable Bal 1,243 Supplies Bal 700 Prepaid Insurance Bal 650 10 10 Office Equipment 12 Bal 2,200 19 Accumulated Depreciation Office Equipment 14 120 Bal 15 Accounts Payable 17 Bal 1,850 ALARDA Check My Work Instructions Taccounts Chart of Accounts General Journal Instructions Chart of Accounts General Journal Taccounts Wages Payable 250 Bal Mary Adams, Capital 6,000 Bal Closing Closing Bal Mary Adams, Drawing Bal 2,200 10 Closing 10 Income Summary Closing Closing 1 14 Closing 15 Service Fees 16 Bal 4,814 Closing Check My Work ng Entries (Net Income) structions Chart of Accounts Taccounts General Journal uctions Chart of Accounts General Journal Taccounts Wages Expense Bal 1,070 Closing Advertising Expense 5 Bal 36 Closing Rent Expense Bal 1,000 10 Closing 11 17 Supplies Expense 13 Bal 322 14 Closing 19 Phone Expense 16 11 Bal 133 18 Closing My Work Closing Entries Taccounts Instructions Chart of Accounts General Journal Instructions Chart of Accounts General Journal T accounts Utilities Expense Bal 103 2 Closing Insurance Expense Bal 110 Closing Gas and Oil Expense Bal 89 10 Closing 11 12 Depreciation Expense-Office Equipment 11 Bal 120 14 Closing 15 Miscellaneous Expense 16 Bal 99 1 Closing Check My Work
