Kevin Gleason started his own consulting firm, Gleason Company, on June 1, 2021. The trial balance at August 31st is shown below. GLEASON COMPANY Trial Balance August 31, 2021 Account Number Debit Credit 101 Cash $ 7,150 112 Accounts Receivable 6,000 126 Supplies 2,000 130 Prepaid Insurance 3,000 157 Equipment 15,000 201 Accounts Payable $ 6,250 209 Unearned Service Revenue 4,000 311 Common Stock 20000 312 Dividends 500 400 Service Revenue 7,900 726 Salaries and Wages Expense 3,500 729 Rent Expense 1,000 TOTALS $38,150 $38,150 In addition to those accounts listed on the trial balance, the chart of accounts for Gleason Company also contains the following accounts and account numbers: No. 158 Accumulated DepreciationEquipment, No. 212 Salaries and Wages Payable, No. 313 Retained Earnings, No. 314 Income Summary, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, and No. 732 Utilities Expense.

Other data: 1. Supplies on hand at August 31 are $750. 2. A utility bill for $150 has not been recorded and will not be paid until next month. 3. The insurance policy is for a year. 4. $3,500 of unearned service revenue is recognized for services performed during the month. 5. Salaries of $2,900 are accrued on August 31. 6. The equipment has a 5-year life with no salvage value. It is being depreciated at $250 per month for 60 months. Instructions: (a) Open up T-accounts for all accounts with any account balances (b)Prepare the adjusting entries for the quarter ending August 31, 2021 (c) Post the adjusting entries to the General Ledger accounts and update account balances. (d) Prepare an Adjusted Trial Balance on August 31, 2021. (e) Prepare an Income Statement, Retained Earnings Statement and a Balance Sheet for the quarter ended August 31, 2021. (f)Prepare the Closing Entries. (g)Post the closing entries to the General Ledger (h)Prepare a Post-Closing Trial Balance.