ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200 15,200 12.200 2,200 2,200 250,600 250,600 10,200 10,200 253,800 253,800 27.600 97,800 226,200 156,000 70,200 70.200 97,800 97.800 226,200 226,200 Rocount Name Caah Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation Equipment Accounts payable Delva King, Capital Delva King, Drawing Fees Income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income Ask erences Required: 1. Record the adjusting entries in the general journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. 4. Prepare a postclosing trial balance. Analyze: How many accounts are listed in the adjusted and postclosing trial balance section? Req 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet Record the adjusting entry for advertising. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Prey 1 of 1 Next Onn Req 1 and 2 Req3 Analyze Reg 4 Record the adjusting entries and the closing entries in the general Journal. View transaction list Journal entry worksheet 1 2 4 5 6 7 Record the adjusting entry for depreciation. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 20X1 Record entry Clear entry View general Journal Proy 1 of 1 !!! Next Req 1 and 2 Reg 3 Reg 4 Analyze Record the adjusting entries and the closing entries in the general journal. View transaction list Journal entry worksheet