Island Tax Preparation Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Prepaid rent Supplies Equipment Accumulated Depreciation -Equipment Vehicle Accumulated Depreciation -Vehicle Accounts Payable Bank Loan Payable Elon Mist, Capital Elon Mist, Withdrawals Fee Revenue Rent Expense Salaries expense Office Expenses Insurance Expense Depreciation Expense - Vehicle Depreciation Expense - Equipment Supplies expense Fa REQUIRED: (a) Debit 79,150 45,000 3,600 6,000 6,250 150,000 45,000 120,000 22,000 315,000 6,000 2,000 8,500 14,500 6,500 829,500 Credit 30,000 14,500 10,000 40,000 175,000 560,000 829,500 Prepare the 4 required closing journal entries at December 31, 2022. (b) Prepare a post-closing trial balance.

REQUIRED: (a) Prepare the 4 required closing journal entries at December 31, 2022. (b) Prepare a post-closing trial balance. GENERAL JOURNAL