Obj. 1,2,3 PR 4-1B Financial statements and closing entries Last Chance Company offers legal consulting advice to prison inmates. Last Chance the end-of period spreadsheet that follows at June 30, 2018, the end of the fiscal yeard Last Chance Company End-of-Period Spreadsheet For the Year Ended June 30, 2018 Adjusted Unadjusted Trial Balance Adjustments Trial Balance Dr Dr 6 Account Title 5,100 26,500 1,300 2,300 1.500 525 8 Cash 5,100 22,750 9 Accounts Receivable 3,750 10 Prepaid Insurance 11 Supplies 12 Land 13 Building 14 Accum. Depr-Building 15 Equipmernt 2,025 80,000 340,000 80,000 340,000 190,000 3,000 193,000 140,000 140,000 6 Accum. Depr-Equipmert 17 Accounts Payable 18 Salaries & Wages Payable 19 Unearned Rent 20 Common Stock 21 Retained Earnings 22 Dividends 23 Fees Earned 24 Rent Revenue 25 Salaries&Wages Expense 145,100 26 Advertising Expense 27 Utilities Expense 28 Travel Expense 29 Depr. Exp.-Equipment 0 Depr. Exp.-Building 31 Supplies Expense 54,450 9,750 59,000 9,750 1,900 4,5003,000 90,000 90,000 271,300 20,000 20,000 280,000 3,750 3,000 283,750 3,000 1,900 86,800 30,000 18,750 147,000 86,800 30,000 18,750 4,550 3,000 3,000 32 Insurance Expense 33 Misc. Expense 1,300 5,875 900000 900,000 19,000 19000 913,200 913 200 5,875 35 Instructions 1. Prepare an income statement for the year ended June 30 2. Prepare a retained earnings statement for the year ended June 30. 3. Prepare a balance sheet as of June 30. 4. On the basis of the end-of-period spreadsheet, journalize the closing entries. 5. Prepare a post-closing trial balance