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please I need help asap (a) Prepare the closing entries for the Johnson Co. (b) Post the closing entries in the worksheet below. (c) Prepare
please I need help asap
(a) Prepare the closing entries for the Johnson Co. (b) Post the closing entries in the worksheet below. (c) Prepare the Post-Closing Trial Balance. Post-Closing No Adjusted Closing Account Title Trial Balance Trial Balance Entry Cr. Dr. Dr. $ 19,000.00 $ 13,000.00 $ 3,000.00 $ 24,000.00 Cr. Cr. Dr. 101 Cash Supplies Prepaid Insurance 126 128 Equipment Accumulated Depreciation- Equipment Johnson- Capital 167 168 7,500.00 301 $ 47,600.00 Johnson- Withdrawl 302 $ 9,000.00 Service Revenue 404 $ 51,000.00 Depreciation expense - Equipment 612 4,000.00 $ 24,000.00 $ 3,500.00 $ 3,400.00 $ 3,200.00 Salaries expe nse 622 Insurance Expense Rent expense Supplies Expense 637 640 652 Income summary 901 $106,100.00 $106,100.00 TotalsStep by Step Solution
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