ONLY parts 2,6,7.

explanation:

please solve parts 2(Post the adjusting entries to the ledger) 6(Journalize and post the closing entries) 7(Prepare a post-closing trial balance) according to the question and the answer of part 1 and 3 (provided with the question below) (first 3 pictures are the questions and last 5 are answers for part 1 and 3)

Afia Agency was founded in January 2017. Presented below is the trial balance as of March 31, 2020, the end of the company's fiscal year. Afia Agency Trial Balance March 31, 2020 Debit Credit $135.00 Accounts Receivable 97.500 Allowance for Doubtful Accounts $ 2300 Notes Receivable 38,700 Art Supplies 34.700 Prepaid Rent 26,500 Printing Equipment 65,000 Depreciation - Printing Accumulated Equipment Building 160,000 Accumulated Depreciation - Building 33.000 Notes Payable 30.800 Accounts Payable 28,500 Uneamed Advertising Revenue 34.800 Share Capital-Ordinary 300,000 Retained Earnings 39.500 Dividends 22.200 Advertising Revenue Salaries Expense 114 300 U s Expense 22.600 Insurance Expense 16.750 Miscellaneous Expense 26.400 $750,65 $750,65 Instructions 1. Prepare the adjusting entries for these accounts: - Art supplies (Supplies expense) - Accumulated Depreciation - Printing Equipment - Accumulated Depreciation - Building - Allowance for doubtful Accounts (Bad debt expense) - Notes receivable (Interest revenue) - Notes payable (Interest expense) - Salaries expense - Rent Expense - Unearned Advertising Revenue You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your trial balance. Example The trial balance is showing the following balance for "Art Supplies T019 Supplies Your assumption could be formulated as follows: 1. Art Supplies: An Inventory count at the end of the year reveals that $4.700 of supplies are sillon So the cost of supplies used = 34.700-4.70030,000 Adjusting entry for supplies 30,000 Dr: Supplies Expense Cr: Art Supplies You need to do same for the other adjustments. You can follow the textbook pp 106-117. 2- Post the adjusting entries to the ledger 3. Prepare an adjusted trial balance - Salaries expense - Rent Expense - Unearned Advertising Revenue You need to set your own assumptions in order to adjust the accounts. Those assumptions should be in consistency with your trial balance. Example The trial balance is showing the following balance for Art Supplies Orc Supplies Your assumption could be formulated as follows: 1. Art Supplies: An inventory count at the end of the year reveals that 54.700 of supplies are still on So the cost of supplies used = 34.700-4.700-30,000 Adjusting entry for supplies 30.000 Dr Supplies Expense Cr: Art Supplies 0.000 You need to do same for the other adjustments. You can follow the textbook pp 106-117. 2- Post the adjusting entries to the ledger 3- Prepare an adjusted trial balance 4. Prepare the worksheet 5- Prepare financial statements: Income statement, retained earnings statement, and statement of financial position 6- Journalize and post the closing entries 7. Prepare a post-closing trial balance a) Assuption Made for Adjusting Jounal Entries. 1) Art Supplies on is hand is $4,700 2) Depreciation expense on Building is $11,000 and Printing equipment is $4,000 3) Allowanc for Doubtfule Account for the year is $7,300 4) Interest on Notes Receivable is accrued is $1700. 5) Interest on Note payable is accrued $ 1,500. 6) Salaries unpaid is $10,700. 7) Rent expired is $6,500. 8) Service provided with respect of unearned revenue is $14,800. Account Tittle Debit Credit Supplies Expense 4,700 Art Supplies 4700 Depreciation Expense 15,000 Accum. Depreciation-Building 11,000 Accum. Depreciation-P.Equipment S 4,000 Bad Debt Expense 7,300 Allowance for doubtful accounts 7,300 Interest Receivable 1,700 Interest Revenue 1,700 Interest Expense 1,500 Interest Payable IS 1.500 Interest Expense 1,500 Interest Payable 1,500 Salaries Expense 10.700 Salaries Payable 10.700 S. 6,500 Rent Expense Prepaid Rent 6,500 Unearned Advertising Revene 14,800 Advertising Revenue S 14.800 3- Adjusted Trial Balance For the month ended March 31, 2020 Account Tittle Credit Cash Debit $ 135,000 S 97.500 Account Receivable Allowance for Doubtful Accounts $ 10,000 Notes Receivable Art Supplies Interest Receivable $ $ $ $ $ 38,700 4,700 1,700 20,000 65,000 Prepaid Rent Printing Equipment Accumulated Depreciation Printing $ 16,000 Building $ 160,000 Accumulated Depreciation-Building $ 44,000 Note Payable Account Payable Salaries Payable $ 30,800 $ 28,500 $ 10,700 Interest Payable $ 1,500 Unearned Advertising Revenue $ 20,000 Share Capital, Ordinary $ 300,000 Retained Earnings $ 39,500 Dividend $ 22,200 Advertising Revenue $ 293,550 Prepaid Rent $ 20,000 Printing Equipment $ 65,000 Accumulated Depreciation-Printing $ 16,000 Building $ 160,000 Accumulated Depreciation-Building $ 44,000 $ 2 30,800 Note Payable Account Payable $ 28,500 Salaries Payable $ 10,700 Interest Payable $ 1.500 Unearned Advertising Revenue $ 20,000 $ 300,000 Share Capital, Ordinary Retained Earnings $ 39,500 Dividend $ 22,200 Advertising Revenue $ 293,550 Interest Revenue $ 1,700 Salaries Expense Utilities Expense Insurance Expense Miscellaneous Expense Supplies Expense $ 125,000 $ 22,600 $ 16,750 $ 26,400 S 30.000 $ 15,000 S 1,500 $ 6,500 S 7,700 $ 796,250 Depreciation Expense Interest Expense Rent Expense Bad Debt Expense Total $ 796,250