MAY I PLEASE GET THE POST CLOSING TRAIL BALANCE SHEET

o VOO A B C D E F M Name: 2 Problem: Chapter 4 Worksheet Problem-LN1 3 Course: ACC 120 4 Date: Spring 2022 5 March Company 6 Worksheet For the month ended December 31, 2020 8 Trial Balance Adjustments Adjusted Thai Banco Income Statement Balance Sheet 9 Debit Credit Dobit Credit Debit Credit Deb Credit Debit Credil 10 Cash 5,640 5,640 5.840 11 Accounts Receivable 2,400 600 3,000 3,000 12 Supplies 540 350 190 190 13 Prepaid Insurance 3.000 1.000 2.000 2.000 14 Office Equipment 6,000 6,000 8.000 15 Accum. Depr-Office Equip 125 125 125 16 Accounts Payable 4.200 4200 4200 17 A March, Capital 12 120 12120 12. 120 18 A March Drawing 1.000 1.000 1000 19 Fees Eamed 6.300 600 6.900 6.900 20 Wages Expense 2,500 2.500 2.500 21 Rent Expense 1,000 1.000 1000 22 Utilities Expense 540 540 540 23 Supplies Expense 350 350 24 Insurance Expense 1,000 1,000 1.000 25 Depreciation Expense-Ofice Equip 125 125 125 26 Totals 22620 22 620 2,075 2,075 23,345 23 345 5,515 6.800 27 Net income or loss 1.385 1,385 28 Totals 6.900 6.900 17,830 17830 29 30 Adjusting Entries: 31 A Prepaid Insurance which has expired $1,000 32 B. Ending Supplies Inventory is $190 33 C. Fees earned but not yet received is $600 14 D. Depreciation on the Office Equipment for this year. $125 5 6 (c) Joumalize the adjusting entries using the worksheet as a basis. 7 8 A Insurance expense 1,000 9 Prepaid Insurance 1,000 0 350 Sale E SEU Balance Sheet Post Closing Trial Ba NAME: debit Classified Balance Sheet Assets Current assets Cash account receivable Supplies prepaid insurance Total Current Assets Property, Plant, and Equipment Equipment Accumulated depreciation Total non current assets Total assets Credit 5,640 3,000 190 2,000 10,830 6,000 - 125 5,875 5,875 16,705 4,200 4,200 4,200 Liabilities and stockholders equity Current liabilities Accounts payable Total current liabilities Total liabilities A. March capital Owners equity Total liabilities and owners equity 12,505 12,505 16,705 Balance Sheet Assets Current Assets Cash $5,640 Account Receivable $3,000 Supplies $190 Prepaid Insurance $2,000 Total Current Assets $10,830 Property. Plant and Equipment Equipment 6000 Accumulated Depreciation - 125 5,875 Total Non Current Assets $5,875 Total Assets $16,705 Liabilities and stockholders equity Current Liabilities Account payable $4,200 Total Current Liabilities $4,200 Total liabilities $4,200 Owners Equity A. March Capital 12,505 Owners Equity $12,505 Total Liabilities & Owners Equity $16,705 Statement of Owner' Equity A. March Capital Beginning Balance Add Net Income Sub Total Less A. March drawings Ending Balnace $12,120 $1,385 $13,50S -$1,000 $12,505 NOROL Air B Post-Closing Trial Balance