ONLY STEP 6 IS NEEDED!!!

T accounts, adjusting entries, financial statements and closing entries; optional end-of-period spreadsheet (work sheet) The unadjusted trial balance of La Mesa Laundry at August 31, 2014, the end of the cur- rent fiscal year, is shown below. La Mesa Laundry Unadjusted Trial Balance August 31, 2014 Debit Cash Laundry Supplies..._._.... 9,000 6,000 180,800 49,200 Laundry Equipment Accumulated Depreciation Accounts Payable . 7,800 95,000 2400 248,000 . . . Bobbi Downey, Drawing Laundry Revenue.... Wages Expense . Rent Expense... Utilities Expense . Miscellaneous Expense.... 135,800 248000 3,200 16,000 400,000 The data needed to determine year-end adjustments are as follows a. Wages accrued but not paid at August 31 are $2,200 b. Depreciation of equipment during the year is $8,150. c. Laundry supplies on hand at August 31 are $2,000. d. Insurance premiums expired during the year are $5,300 Instructions 1. For each account listed in the unadjusted trial balance, enter the balance in a T account Identify the balance as "Aug. 31 Bal." In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, Insurance Expense, and Income Summary 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 (1) as needed. 3. Journalize and post the adjusting entries. Identify the adjustments by "Adj," and the new balances as "Adj. Bal." 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a statement of owner's equity (no additional investments were made during the year), and a balance sheet 6. Journalize and post the closing entries. Identify the closing entries by "Clos. 7. Prepare a post-closing trial balance