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PART II (20 PTS) Presented below are the year-end balances at December 31 of Laura's Laundry Service. (All accounts have normal balances.) $ 12,000 25,000

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PART II (20 PTS) Presented below are the year-end balances at December 31 of Laura's Laundry Service. (All accounts have normal balances.) $ 12,000 25,000 Accumulated depreciation-Catering equipment 30,000 4,000 42,000 12,000 3,000 125,000 200,000 65,000 17,000 18,000 1,500 4,000 97,000 1,500 9,000 7,000 500 Accounts receivable. Accounts payable.. Advertising exnense Cash. Depreciation expense-Catering equipment.. Insurance expens Caterine Cate Notes payi.. Laura Bow, Capital Laura Bow, Withdrawals Prenai Salun enue. Salary Supplies Supplies expense. Repair expense Unearned catering service revenues Utilities expense.. 9,500 11 Page A. PREPARE THE CLOSING ENTRIES 1edi supo 2lguo B. PREPARE THE POST CLOSING TRIAL BALANCE Income

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