Ledger Accounts, Adjusting Entries, Financial Statements, and closing Entries; Uptional End-of-Period Spreadsheet The unadjusted trial balance of Recessive Interiors at January 31, 2012, the end of the year, follows: Recessive Interiors Unadjusted Trial Balance January 31, 20Y2 Account Debit Credit Balances No. Balances Cash 13,100 Supplies Prepaid Insurance 8,000 7,500 113,000 Equipment Accumulated Depreciation- Equipment 12,000 90,000 27,100 Trucks Accumulated Depreciation-Trucks Accounts Payable Common Stock 4,500 30,000 96,400 Retained Earnings Dividends 3,000 Service Revenue 155,000 Wages Expense 72,000 Rent Expense 7,600 5,350 Truck Expense Miscellaneous Expense 5,450 325,000 325,000 The following additional accounts from Recessive Interiors' chart of accounts should be used: Wages Payable, 22; Depreciation Expense-Equipment, 54; Supplies Expense, 55; Depreciation Expense-Trucks, 56; Insurance Expense, 57 The data needed to determine year-end adjustments are as follows: a. Supplies on hand at January 31 are $2,850. b. Insurance premiums expired during the year are $3,150. c. Depreciation of equipment during the year is $5,250. d. Depreciation of trucks during the year is $4,000. e. Wages accrued but not paid at January 31 are $900. 6. Journalize the closing entries on page 27 of the journal. Then post to the general ledger in the attached spreadsheet. If an amount box does not require an entry, leave it blank. Journal Account PAGE 27 Credit Post. Ref. Debit Date Jan. 31 Cash X 155,500 x Wages Expense Rent Expense Truck Expense Depreciation Expense-Equipment Supplies Expense 72,900 X 7,600 X 5,350 X 9,250 x 5,150 X Depreciation Expense-Trucks 9,250 X Insurance Expense 3,150 x 5,450 X Miscellaneous Expense Dividends x 3,000 X Jan. 31 Retained Earnings Service Revenue x 7. Prepare a post-closing trial balance. List the accounts in order by type: Assets, Liabilities, Capital, Dividends, Revenue and Expenses. If an amount box does not require an entry, leave it blank. Recessive Interiors Post-Closing Trial Balance January 31, 2012 Debit Balances Credit Balances Cash 13,100 8,000 Supplies X 7,500 113,000 Prepaid Insurance Equipment Accumulated Depreciation Equipment Trucks Accumulated Depreciation-Trucks 12,000 90,000 27,100 Accounts Payable 4,500 Wages Payable 72,000 30,000 Common Stock Retained Earnings 96,400 231,600 x 242,00C