LI E Aalb z! Heading 1 Heading 2 1!! IIII Normal No Space Question no. 1 (Exercise -6) Preparing closing entries and a post-closing trial balance The following adjusted trial balance contains the accounts and balances of Zein Company as of December 31, 2015, the end of its fiscal year. No Account Tile Credit 101 Cash Debilt $19,000 13,000 3,000 24,000 $ 7,500 47,600 1 7,000 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 301 R. Zein, Capital 302 R. Zein, Withdrawals 404 Services revenue 612 Depreciation expense Equipment 622 Salaries expense 637 insurance expense 540 Rent expense 652 Supplies expense Total 44,000 3,000 22.000 2.500 3,400 2.200 $99, 100 $99 100 Check (2) Capital REQUIRED:- (1) Prepare the December 31, 2015, closing entries for Zein Company. Assume the account number for Income Summary is 901, (2) Prepare the December 31, 2015, post-closing trial balance for Zein Company Focus MacBook Air 900 DOD F 15 II Question no. 2: Following is the adjusted trial balance of Wagdy Trucking Company at December 31, 2019. ADJUSTED TRIAL BALANCE Wagds Trucking Company As on December 31, 2019 Account Title Debit Credit $ 8.000 17.500 3,000 Cash Accounts receivable Office Supplies Trucks Accumulated depreciation-Trucks Land 172.000 $ 35,000 85.000 12.000 4,000 53,000 175,000 20.000 Accounts payable Interest payable Long-term notes payable K Wagdy, Capital K Wagdy, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense-Trucks Te 130,000 23.500 61,000 8,000 12.000 $410,000 $410,000 REQUIRED: (1) Prepare the December 31, 2019, closing entries for Wagdy. Trucking Company (2) Prepare the December 31, 2019, post-closing trial balance for Wardy Trucking Company (3) Make Income Statement, Statement of Owner's equity and Balance Sheet from the above trial balance