Perform the closing process

Check Figures: Adjustment Amount $5766.67, Net Income $49,408.33

Record the following transactions to the journal and post it to the T-accounts. Make a footing and get the ending balance of each account. Prepare your trial balance in the worksheet template.

December 2021

2 Paid wages from last month $1,500.

4 additional investment of $5,000 from S. Joes savings account.

10 Collected $1,500 from fees earned previously.

15 Billed client for services rendered, $1,500

20 Paid wages expense $ 1,800.

23 Received telephone bill to be paid later, $150

25 Provided cleaning services in cash $1,000.

26 Purchase cleaning supplies on account $ 1,200.

27 Payment of accounts payable $1,000.

28 Paid gasoline $500.

Record the following in the adjustment journal template then post it to the T-accounts.

additional information for adjustments for December 31, 2021.

Unexpired prepaid rent is $750.

The annual prepaid insurance was paid Nov. 1 $2,500. Record the expired portion.

Cleaning supplies on hand, $3,200.

Depreciation expense office equipment, $110.

Cleaning Equipment original cost $12,000 with a residual value $800, useful life is 5 years. Record the annual depreciation expense.

Record the vehicle depreciation expense $300.

Accrued wages $ 950.