Please help with the boxes that are red, specifically the post closing statement.
Epicenter Laundry UNADJUSTED TRIAL BALANCE 6/30/21 ACCOUNT TITLE DEBIT CREDIT Cash $ 11,000 Laundry Supplies 21,500 Prepaid Insurance 9,600 Laundry Equipment 232,600 Accumulated Depreciation $125,400 Accounts Payable 11,800 Common Stock 40,000 Retained Earnings 65,600 Dividends 10,000 Laundry Revenue 232,200 Wages Expense 125,200 Rent Expense 40,000 Utilities Expense 19,700 Miscellaneous Expense 5,400 Totals $475,000 $475,000 Cash 11,000 Laundry Supplies 21,500 17,900 Prepaid Insurance 9,600 3.900 Laundry Equipment 232,600 Accumulated Depreciation 125,400 S 118,900 11,000 3,600 5,700 232,600 6,500 Accounts Payable 11,800 Wages Payable 1,100 11,800 1,100 Common Stock 40,000 Retained Earnings 65,600 Dividends 10,000 Laundry Revenue 232,200 Wages Expense 125,200 $ 124,100 Rent Expense 40,000 40,000 65,600 10,000 232.200 1,100 40,000 Utilities Expense 19,700 Miscellaneous Expense 5,400 Laundry Supplies Expense 17,900 Insurance Expense 5,700 Depreciation Expense 6,500 19,700 5,400 17,900 5,700 6,500 Adjusting Journal Entries: A. Laundry supplies on hand at June 30, 2021: Laundry Supr Laundry Supp $ 3,600 17,900 17,900 B. Insurance premiums expired during the year: Insurance Exp Prepaid Insura $ 5,700 $ 5,700 $ 5,700 C. Depreciation of laundry equipment during the year: Depreciation] Accumulated $ 6,500 6,500 6,500 D. Wages accrued but not paid at June 30, 2021: Wages Expen: Wages Payabl $ 1,100 $ 1,100 $ 1,100 Epicenter Laundry ADJUSTED TRIAL BALANCE 6/30/21 ACCOUNT TITLE DEBIT CREDIT Cash Laundry Supplies Prepaid Insurance Laundry Equipment Accum ted Depreciation Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Laundry Revenue Wages Expense Rent Expense Utilities Expense Miscellaneous Expense Laundry Supplies Expense Insurance Expense Depreciation Expense Totals $ 11,000 3,600 3,900 232,600 $ 131,900 11,800 1,100 40,000 65,600 10,000 232,200 126,300 40,000 19,700 5,400 17,900 5,700 6,500 $482,600 $482,600 Epicenter Laundry Retained Earnings Statement For the year ended June 30, 2021 Beginning Retained Earnin $ 65,600 Income Summary $ Common Stock $ Change In Retained Earnings 10,700 40,000 $ 50,700 End Retained Earnings 14,900 Epicenter Laundry Balance Sheet June 30, 2021 Assets $ 11,000 3,900 232,200 $247,100 Current Assets Cash Prepaid Insurance Laundry Revenue Total Current Assets NonCurrent Assets Accumulated Depreciation Retained Earnings Total NonCurrent Assets Total Assets 131,900 14,900 $ 146,800 $393,900 Liabilities $ 11,800 1,100 $ 12,900 Current Liabilities Accounts Payable Wages Payable Total Current Liabilities NonCurrent Liabilities N/A Total NonCurrent Liabilities Total Liabilities S $ 12,900 Stockholders' Equity Common Stock $ 40,000 Dividends 10,000 Total Stockholders' Equity $ 50,000 Total Liabilities & Stockholders' Equity $ 62,900 1 Laundry Revenue $10,700 Accounts Payable 11,800 (Close out Revenue for the year ended 6/30/2021) 2 Prepaid Insurance 3,900 Insurance Expense 5,700 Laundry Supplies Expen 17,900 Miscellaneous Expense 5,400 Rent Expense 40,000 Utilities Expense 19,700 Wages Expense 126,300 Laundry Equipment 232,600 |(Close out Expenses for the year ended 6/30/21) 3 Income Summary $ 10,700 Wages Payable 1,100 (Close out Income Summary for the year ended 6/30/2021) 4 Dividends 10,000 Common Stock 40,000 (Close out Dividends for the year ended 6/30/2021) Epicenter Laundry POST CLOSING TRIAL BALANCE 6/30/21 ACCOUNT TITLE DEBIT CREDIT Prepaid Insurance $ 3,900 Laundry Revenue 10,700 Income Summary 10,700 Dividends 10,000 Accumulated Accounts Payable Wages Payable Retained Earnings Laundry Revenue Totals $ 35,300
