Part C: Post-Close Trial Balance The accounts of Taylor Electronics Company are listed along with their adjusted balances before closing for the month ended June 30, 2019. Prepare the POST-CLOSE TRIAL BALANCE. Prepaid Expenses $ 8,200 Accounts payable $ 16,700 Inventory 39,000 Accounts receivable 22,800 Note Payable, Long-Term 46,000 Accumulated depreciation 37,700 Salary Payable 2,700 Taylor, Capital, June 1 54,100 Supplies Expense 2,500 Taylor, Owner Withdrawals 20,000 Depreciation Expense 7,500 Cash 8,000 Sales Revenue 350,000 Cost of Goods Sold 170,000 Rent Expense 38,000 Equipment 135,200 Supplies 6,000 Salaries Expense 65,000 Unearned Sales Revenue 13,800 Notes Payable, Short-Term 1,200 Taylor Electronice Company Post-Closing Trial Balance June 30, 2020 Account Name Debit CreditWinter Waters started an environmental consulting company and during the first month of operations, the business completed the following transactions. Record each transaction in the journal below. Apr. 2 Waters began the business with an investment of $75,000 cash and a building valued at $25,000. Apr. 3 Purchased office supplies on account, $2,000. Apr. 4 Paid cash for office furniture, $14,000. Apr. 5 Performed consulting services on account, $5,000. Apr. 8 Paid $1,000 on the account payable created on Apr. 3. Apr. 10 Received a $2,500 bill for advertising expense that will be paid in the near future. Apr. 15 Paid cash for employee's salary, $2,200. Apr. 19 Received cash on account, $1,000. Apr. 25 Paid cash for the following expenses: Rent $1,000, Utilities $450, Security Service $250. Apr. 30 Waters withdrew cash, $4,500. ADJ-01 Office supplies on hand at Apr 30 were $1,500. Make the adjusting journal entry. ADJ-02 Accrued employee salaries at Apr 30 were $1,000. Make the adjusting journal entry. ADJ-03 Building depreciation for the month was $208. Make the adjusting journal entry. ADJ-04 Furtniture depreciation for the month was $167. Make the adjusting journal entry. ADJ-05 Accrued revenue for services performed at Apr 30 were $2,500. Make the adjusting journal entry.\fPart B: Financial Statements Ashton Appliances Company Statement of Owner's Equity For the month ended June 30, 2020Part B: Financial Statements The accounts of Ashton Appliances Company are listed along with their adjusted balances before closing for the month ended June 30, 2020. Prepaid Expenses $ 2,400 Accounts payable $ 16,700 Inventory 39,000 Accounts receivable 33,600 Note payable, long-term 46,000 Accumulated depreciation 37,700 Salary payable 2,700 Taylor, Capital, June 1 54,100 Supplies Expense 2,500 Taylor, Drawing 20,000 Depreciation Expense 7,500 Cash 8,000 Sales revenue 350,000 Cost of goods sold 170,000 Rent Expense 38,000 Equipment 135,200 Supplies 6,000 Salaries Expense 60,000 Unearned sales revenue 13,800 Notes payable, short-term 1,200 Requirements: 1. Prepare a multi-step income statement 2. Prepared the statement of owner's equity 3. Prepared a classified balance sheet Ashton Appliances Company Income Statement For the month ended June 30, 2020Part C: Closing journal Entries The accounts of Taylor Electronics Company are listed along with their adjusted balances before closing for the month ended June 30, 2020. Prepare the closing journal entries in the journal below. Prepaid Expenses $ 8,200 Accounts payable $ 16,700 Inventory 39,000 Accounts receivable 22,800 Note Payable, Long-Term 46,000 Accumulated depreciation 37,700 Salary Payable 2,700 Taylor, Capital, June 1 54,100 Supplies Expense 2,500 Taylor, Owner Withdrawals 20,000 Depreciation Expense 7,500 Cash 8,000 Sales Revenue 350,000 Cost of Goods Sold 170,000 Rent Expense 38,000 Equipment 135,200 Supplies 6,000 Salaries Expense 65,000 Unearned Sales Revenue 13,800 Notes Payable, Short-Term 1,200 Account Name Waters Environmental Consulting ADJUSTED Trial Balance April 30, 2020 Account Name Debit Credit TOTALSSTEP 1: JOURNALIZE TRANSACTIONS JOURNAL - Pg. 1 Accounts Names Post Date (No Explanations Necessary) Ref Debit Credit