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PLZ PLZ HELP ASAP Question 4 The name of Janet's business is Cleaning Made Easy Below is the Adjusted Trial Balance after Janet's first month

PLZ PLZ HELP ASAP

Question 4

The name of Janet's business is "Cleaning Made Easy"

Below is the Adjusted Trial Balance after Janet's first month of operations

for the month ended January 31, 2023.
Cleaning Made Easy
Adjusted Trial Balance
January 31, 2023
Account Name Debit Credit
Cash 16,952.00
Accounts Receivable 4,520.00
HST Payable 7,254.00
Prepaid Expenses 3,300.00
Vehicles 60,000.00
Accum. Depr. - Vehicles 1,000.00
Accounts Payable 1,582.00
Unearned Revenue 2,600.00
Loan Payable 67,800.00
Janet, Capital 25,000.00
Janet, Withdrawals 6,000.00
Service Revenue 4,000.00
Bank Charges Expense 30.00
Cleaning Supplies Expense 1,000.00
Depreciation Expense 1,000.00
Fuel Expense 800.00
Insurance Expense 300.00
Interest Expense 226.00
Legal Expense 600.00
Total 101,982.00 101,982.00

Prepare the Post Closing Trial Balance after the closing entries

- 9 marks
Cleaning Made Easy
Post Closing Trial Balance
January 31, 2023
Account Name Debit Credit
Cash
Accounts Receivable
HST Payable
Prepaid Expenses
Vehicles
Accum. Depr. - Vehicles
Accounts Payable
Unearned Revenue
Loan Payable
Janet, Capital
Janet, Withdrawals
Service Revenue
Bank Charges Expense
Cleaning Supplies Expense
Depreciation Expense
Fuel Expense
Insurance Expense
Interest Expense
Legal Expense
Total - -

Prepare the closing entries for the month ended January 31, 2023

Date Account Titles and Description PR Dr. Cr.

Step 1: Close out the Revenue accounts to the Income Summary

Step 2: Close out the Expense accounts to the Income Summary

Step 3: Close out the Income Summary to the Capital account

Step 4: Close out the Withdrawals account to the Capital account

What it the net income (net loss) for the month ended January 31, 2023?

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