No need explanation. I just want to check my answer.

1) Prepare a worksheet

2) Journalize adjusting and closing entries

Diane's Dance Studio Trial Balance November 30, 201X Account Titles Cr. Cash Dr. 30,000 10,000 500 1,400 13,000 10,200 Accounts Receivable Prepaid Insurance Dance Supplies Dance Equipment Accumulated Depreciation, Dance Equipment Accounts Payable D. Desmond, Capital D. Desmond, Withdrawals Dance Fees Earned Salaries Expense Telephone Expense 18,000 7,700 200 21,800 1,300 200 1,100 Advertising Expense 57,700 57,700 Totals Adjustment Data a. Insurance expired, $400. b. Dance supplies on hand, $400. Depreciation on dance equipment, $1,000. d. Salaries earned by employees but not to be paid until December, $600. 1. Prepare a worksheet. Complete the worsheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit or credit amount that corresponds to the letter of the adjusting entry (a., b., C., etc.). For the Income Statement and Balance Sheet columns, remember to include the net income or loss after the totals and then total the columns again. (If a box is not used in the worksheet, leave the box empty; do not select a label or enter a zero.) Diane's Dance Studio Adjusted Trial Balance Debit Credit Income Statement Debit Credit Balance Sheet Debit Credit Account Titles Cash Accounts Receivable Prepaid Insurance Dance Supplies Dance Equipment Accumulated Depreciation, Dance Equipment Accounts payable D. Desmond, Capital D. Desmond, Withdrawals Dance Fees Earned Worksheet Month Ended November 30, 2018 Trial Balance Adjustments Debit Credit Debit Credit 30,000 10,000 500 1,400 13,000 10,200L 18,000 7,700L 200 21,800L 1,300 200 1,100 Salaries Expense Telephone Expense Advertising Expense 57,7000 57,700 Totals Insurance Expense Dance Supplies Expense Depreciation Expense, Dance Equipment Salaries Payable Totals 2. Journalize adjusting and closing entries. (Record debits first, then credits. Exclude explanations from journal entries.) Start by journalizing the adjusting entries, beginning with adjustment a. Review the worksheet you prepared above. a. Insurance expired, $400. Journal Entry Account Titles Date PR Dr. Cr. 2018 a. Nov b. Dance supplies on hand, $400. Review the worksheet you prepared above. Journal Entry Date Account Titles PR Dr. Cr. b. 2017 Nov 0 c. Depreciation on dance equipment, $1,000. Review the worksheet you prepared above. Journal Entry Account Titles Date PR Dr. Cr 2017 C. Nov d. Salaries earned by employees but not to be paid until December, $600. Review the worksheet you prepared above. Journal Entry Account Titles Date PR Dr. Cr. 2012 Now journalize the closing entries. Begin by closing out the revenue account. Review the worksheet you prepared above. Journal Entry Date Account Titles PR Dr. Cr. 2018 Nov Close out the expense accounts. Review the worksheet you prepared above. Journal Entry Account Titles Date PR Dr. 2018 Nov Close out Income Summary. Review the worksheet you prepared above. Journal Entry Date Account Titles PR Dr. Cr. 2018 Nov Close out the Withdrawals account. Review the worksheet you prepared above. Journal Entry Account Titles Date PR Dr. Cr. 2018 Nov