P4-4A Disney Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below. DISNEY AMUSEMENT PARK Worksheet For the Year Ended September 30, 2010 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 Supplies 18,600 1,200 Prepaid Insurance 31,900 8,900 Land 80,000 80,000 Equipment 120,000 120,000 Accumulated Depreciation 36,200 42,200 Accounts Payable 14,600 14,600 Unearned Admissions Revenue 3,700 2,000 Mortgage Note Payable 50,000 50,000 L. Disney, Capital 109,700 109,700 L. Disney, Drawing 14,000 14,000 Admissions Revenue 277,500 279,200 Salaries Expense 105,000 105,000 Repair Expense 30,500 30,500 Advertising Expense 9,400 9,400 Utilities Expense 16,900 16,900 Property Taxes Expense 18,000 21,000 Interest Expense 6,000 10,000 Totals 491,700 491,700 Insurance Expense 23,000 Supplies Expense 17,400 Interest Payable 4,000 Depreciation Expense 6,000 Property Taxes Payable 3,000 Totals 504,700 504,700 Hint: Complete worksheet; prepare classified balance sheet, entries, and post-closing trial balance. (SO 1, 2, 3, 6) Instructions (a) Prepare a complete worksheet. Net income $40,000 (b) Prepare a classified balance sheet. (Note: $10,000 of the mortgage note payable is due for payment in the next fiscal year.) Total current assets $51,500 (c) Journalize the adjusting entries using the worksheet as a basis. (d) Journalize the closing entries using the worksheet as a basis. (e) Prepare a post-closing trial balance. Post-closing trial balance $251,500