Kelly Consulting comprehensive 1

Using the following Adjusted trial balance, ( assume you have created the income statement, ertained earnings statement, and balance sheet, journalize the closing entries and create a post closing trial balance.

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Kelly Consulting Adjusted trial balance Debit credit Account Cash 44195 accounts receivable 8080 715 Supplies prepaid rent 1600 prepaid insurance 1225 office equipment 14500 office equipment-depreciation 660 895 accounts payable Salaries payable 325 3210 Unearned Fees Common Stock 30000 12300 Retained Earnings Dividends 10500 40000 Fees Earned Salaries expense 1705 0 Rent expense 1600 Supply expense 1370 0 330 Depreciation expense 275 nsurance expense misc expense 1295 Total 87390 87390