me: PR 4-4B Ledger accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet (work sheet) OBJ. 2,3 The unadjusted trial balance of Recessive Interiors at January 31, 2014, the end of the current year, is shown below. 11 Cash... 13 Supplies 14 Prepaid Insurance.. 16 Equipment.. 17 Accumulated Depreciation-Equipment. 18 Trucks.. 19 Accumulated Depreciation-Trucks 21 Accounts Payable. 31 Capital Stock 32 Retained Earnings 33 Dividends 41 Service Revenue. 51 Wages Expense 52 Rent Expense. 53 Truck Expense 59 Miscellaneous Expense.. Recessive Interiors Unadjusted Trial Balance January 31, 2014 Debit Balances Credit Balances 13,100 8,000 7,500 113,000 12,000 90,000 27,100 4,500 30,000 96,400 3,000 155,000 72,000 7,600 5,350 5,450 325,000 325,000 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. Instructions 1. For each account listed in the unadjusted trial balance, enter the balance in the ap- propriate Balance column of a four-column account and place a check mark () in the Posting Reference column. 2. (Optional.) Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet) and complete the spreadsheet. Add the accounts listed in part (3) as needed. 3. Journalize and post the adjusting entries, inserting balances in the accounts affected. Record the adjusting entries on Page 26 of the journal. The following additional ac- counts 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. 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a retained earnings statement, and a balance sheet. 6. Journalize and post the closing entries. Record the closing entries on Page 27 of the journal. (Income Summary is account #34 in the chart of accounts.) Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry. 7. Prepare a post-closing trial balance.