P4-2A The adjusted trial balance columns of the worksheet for Porter Company are as follows. PORTER COMPANY Worksheet For the Year Ended December 31, 2008 Adjusted Account Trial Balance No. Account Titles Dr. Cr. 101 Cash 18,800 112 Accounts Receivable 16,200 126 Supplies 2,300 130 Prepaid Insurance 4,400 151 Office Equipment 44,000 152 Accumulated DepreciationOffice Equipment 20,000 200 Notes Payable 20,000 201 Accounts Payable 8,000 212 Salaries Payable 2,600 230 Interest Payable 1,000 311 Common Stock 30,000 320 Retained Earnings 6,000 332 Dividends 12,000 400 Service Revenue 77,800 610 Advertising Expense 12,000 631 Supplies Expense 3,700 711 Depreciation Expense 8,000 722 Insurance Expense 4,000 726 Salaries Expense 39,000 905 Interest Expense 1,000 Totals 165,400 165,400 Prepare worksheet, financial statements, and adjusting and closing entries. Instructions (a) Complete the worksheet by extending the balances to the financial statement columns. (b) Prepare an income statement, a retained earnings statement, and a classified balance sheet. $10,000 of the notes payable become due in 2009. No additional issuance of common stock occurred during 2008. (c) Prepare the closing entries. Use J14 for the journal page. (d) Post the closing entries. Use the three-column form of account. Income Summary is account No. 350. (e) Prepare a post-closing trial balance