Post the adjusting and closing entries to the ledger Sherman Realty's April transactions have been entered into the ledger accounts for you. (If more than one entry is required to post to an account, post the entries in the same order as the journal entries you prepared above. If the balance is zero after posting an entry, leave the balance columns blank. Do not enter a "0". For purposes of this problem, ignore posting references.)

Sherman Realty Journal Enteries Date Particulars 1.4.2017 Cash Office Equipment Jacob Sherman, Capital Debit in $ Credit in $ 14000 9000 23000 3600 1.4.2012 Prepaid Rent Cash 3600 14000 1.4.2018 Automobile Accounts Payable 14000 900 4.4.201x Office Supplies Cash 900 450 5.4.201x Office Supplies Accounts Payable 450 6500 6.4.201% Cash Commission Earned 6500 25 8.4.201x Gas Expense Cash 25 550 15.4.201x Salaries Expense Cash 550 7500 17.4.2018 Accounts Receivable Commission Earned 7500 3000 20.4.201x Jacob Sherman, Withdrawals Cash 3000 8000 21.4.201x Cash Commission Earned 8000 90 22.4.201x Gas Expense Cash 90 450 24.4.2012 Repairs Expense Cash 450 550 30.4.2017 Salaries Expense Cash 550 200 30.4.201x Telephone Expense Cash 200 700 30.4.201x Advertising Expense Accounts Payable 700 Adjusting Enteries Trans. Particulars Rent Expense Prepaid Rent 3600/4 Debit in $ Credit in $ 900 a. 900 b. 1200 Office Supplies Expense Office Supplies 1200 C. 170 Depreciation Expense, Office Equipment Accumulated Depreciation Office Equipment 170 d. 300 Depreciation Expense, Automobile Accumulated Depreciation Automobile 300 Worksheet For the period ending 30.4.2012 Particulars Cash Accounts Receivable Office Supplies Prepaid Rent Office Equipment Accumulated Depreciation Office Equipment Automobile Accumulated Depreciation, Automobile Accounts Payable Jacob Sherman Capital Jacob Sherman, Withdrawals Commission Earned Gas Expense Repairs Expense Salaries Expense Telephone Expense Advertising Expense Rent Expense Office Supplies Expense Depreciation Expense, Office Equipment Depreciation Expense, Automobile Totals Unadjusted Adjustments Adjusted Income Statement Balance sheet Post Closing Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ Debit in $ Credit in $ 19135 19135 19135 19135 7500 7500 7500 7500 1350 1200 150 150 150 3600 900 2700 2700 2700 9000 9000 9000 9000 170 170 170 170 14000 14000 14000 14000 300 300 300 300 15150 15150 15150 15150 23000 23000 23000 36865 3000 3000 3000 22000 22000 22000 115 115 115 450 450 450 1100 1100 1100 200 200 200 700 700 700 900 900 900 1200 1200 1200 170 170 170 300 300 300 60150 60150 2570 2570 60620 60620 5135 22000 55485 38620 52485 52485 16865 16865 22000 22000 55485 55485 22000 115 450 1100 Statement of Income For the period ending 30.4.201x Commission Earned Less: Gas Expense Repairs Expense Salaries Expense Telephone Expense Advertising Expense Rent Expense Office Supplies Expense Depreciation Expense, Office Equipment Depreciation Expense, Automobile Net Income 200 700 900 1200 170 300 5135 16865 Statement of Owner's Equity For the period ending 30.4.2017 Jacob Sherman, Capital Net Income 23000 16865 39865 -3000 Jacob Sherman, Withdrawals 36865 Amounts in $ Amounts in $ Balance sheet As at 30.4.2018 Assets Current Assets Cash Accounts Receivable Office Supplies Prepaid Rent Amounts in $ Amounts in $ Liabilities Current Liabilities 19135 Accounts Payable 7500 15150 150 2700 29485 9000 -170 Property,Plant & Equipment Office Equipment Accumulated Depreciation of Automobile Accumulated Depreciation ,Au Total Assets 14000 8830 Owner's Equity 13700 Jacob Sherman, Capital 52015 Total Liabilities & Equity -300 36865 52015 Post the adjusting and closing entries to the ledger. Sherman Realty's April transactions have been entered into the ledger accounts for you. (If more than one entry is required to post to anaccount, post the entries in the same order as the journal entries you prepared above. If the balance is zero after posting an entry, leave the balance columns blank. Do not enter a "0". For purposes of this problem, ignore posting references.) Review the adjusting and closing journal entries you prepared above. Review the adjusting and closing journal entries you prepared above. Cash Post. Account No. 111 Balance Debit Credit Date Explanation Ref. Debit Credit 2017 Apr. 14,000 3,600 900 14,0001 10,400 9,500 16,000 6 6,500 8 251 151 550 3,000 8,000 201 21 221 241 15,975 15,425 12,4251 20,425 20,3351 19,8851 19,3351 19,135 90 450 301 550 30 200 Accounts Receivable Account No. 112 Balance Post. Ref. Date Explanation Debit Credit Debit Credit 201x Apr. 17 7,5001 7,500 Prepaid Rent Account No. 114 Post. Ref. Balance Debit Credit Date Explanation Debit Credit 2018 Apr 3,600 3,600 Account No. 115 Office Supplies Post. Explanation Balance Debit Credit Date Ref. Debit Credit 2018 Apr 4 900 900 5 4501 1,3501 Office Equipment Account No. 121 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Apr 1 9,000 9,000 Automobile Account No. 123 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Apr. 14,000 14,000 Accum. Depreciation, Automobile Account No. 124 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Apr Accounts Payable Account No. 211 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2018 Apr. 1 14,0001 5 4501 14,000 14,450 15,150 30 700 Jacob Sherman, Capital Account No. 311 Balance Post. Ref. Date Explanation Debit Credit Debit Credit 2017 Apr. 23,000 23,000 Jacob Sherman, Withdrawals Account No. 312 Balance Post. Ref. Date Explanation Debit Credit Debit Credit 201X Apr. 20 3,000 3,000 Income Summary Account No. 313 Post. Balance Explanation Ref. Debit Credit Debit Credit Date 2018 Apr. Commissions Earned Account No. 411 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Apr. 6 6,500 17 7,5001 8,0001 6,500 14,000 22,0001 21 Rent Expense Account No. 511 Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Apr. Requirement 3. Prepare a post-closing trial balance. Review the ledger you prepared above. Sherman Realty Post-Closing Trial Balance April 30, 201x Account Debit Credit Totals