P4-2B The adjusted trial balance columns of the worksheet for Taj Company, owned by Gabby Taj, are follows. 5,600 TAJ COMPANY Worksheet For the Year Ended December 31, 2012 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 Cash 5,300 112 Accounts Receivable 10,800 126 Supplies 1,500 Prepaid Insurance 2,000 Equipment 27,000 Accumulated Depreciation Equipment Notes Payable 15,000 Accounts Payable 6,100 Salaries and Wages Payable 2,400 Interest Payable 600 Owner's Capital 13,000 Owner's Drawings 7,000 Service Revenue 61,000 Advertising Expense 8,400 Supplies Expense 4,000 Depreciation Expense 5,600 Insurance Expense Salaries and Wages Expense 28,000 905 Interest Expense 600 Totals 103,700 103,700 Instructions (a) Complete the worksheet by extending the balances to the financial statement columns (b) Prepare an income statement, owner's equity statement, and a classified balance sheet. (Note: $5,000 of the notes payable become due in 2013.) Gabby Taj did not make any additional investments in the business during the year. (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 No. 350. (e) Prepare a post-closing trial balance. 3,500