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v 5. Net income $10,700 GENERAL LEDGE T accounts, adjusting entries, financial statements, and OBJ. 2, 3 PR 4-3A end-of-period spreadsheet (work sheet) closing entries; optional The unadjusted trial balance of Epicenter Laundry at June 30, 2014, the end of the current fiscal year, is shown below Epicenter Laundry Unadjusted Trial Balance June 30, 2014 Credit Debit Balances Balances 11,000 Cash 21,500 Laundry Supplies 9,600 Prepaid Insurance 232,600 Laundry Equipment 125,400 Accumulated Depreciation. 11,800 Accounts Payable 105,600 Sophie Perez, Capital 0.000 Sophie Perez, Drawing 232,200 Laundry Revenue 125,200 Wages Expense 40,000 Rent Expense 19,700 Utilities Expense 5,400 Miscellaneous Expense 475,000 475,000 (Continued) The data needed to determine year-end adjustments are as follows a. Laundry supplies on hand at June 30 are $3,600 b. Insurance premiums expired during the year are $5,700 c. Depreciation of laundry equipment during the year is $6,500 d. es accrued but not paid at June 30 are $1,100 Instructions 1. For each account listed in the unadjusted trial balance, enter the balance in a T ac count. Identify the balance as "June 30 Bal." In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry supplies Expense, Insurance Expense, and Income Summary 2. (optional) Enter the unadjusted trial balance on an end-of-period spreadsheet (work sheet and complete the spreadsheet. Add the accounts listed in part (1) as needed. 3. Journalize and post the adjusting entries. Identify the adjustments by "Adj." and the new balances as "Adj. Bal 4. Prepare an adjusted trial balance. 5. Prepare an income statement, a statement of owner's equity (no additional in were made during the year, and a balance sheet 6. Journalize and post the closing entries. Identify the closing entries by "Clos 7. Prepare a post-closing trial balance