Mastery Problem: Completing the Accounting Cycle Chandler, Inc. Chart of Accounts Adjusted Trial Balance The Closing Process Roscoe's Journal Chandler, Inc. Chandler, Inc. is owned by Roscoe Chandler and provides appraisal services to individuals and companies wishing to purchase and sell fine art. Chandler, Inc. began business on January 1, 2017, and is just completing its first year of business. Roscoe asks for your help in completing the accounting cycle for the company by assisting with the closing process Chart of Accounts ASSETS 11 Cash 12 Accounts Receivable 15 Prepaid Insurance 18 Office Equipment CHART OF ACCOUNTS Chandler, Inc. General Ledger I REVENUE 41 Fees Eamed 42 Rent Revenue 43 Interest Revenue 19 Accumulated Depreciation-Office Equipment LIABILITIES 21 Accounts Payable 23 Salaries Payable EXPENSES 51 Salaries Expense 52 Selling Expense 53 Income Taxes Expense 55 Insurance Expense Check My Work