Post-Closing Trial Balance Debit Credit 7 8 Trial Balance Adjustments Debit Credit Debit Credit 9 Cash 10 Accounts Receivable 11 Cleaning Supplies 55,000 1,600 4,500 12 Prepaid Insurance 1,500 13 Office Equipment 10,000 14 Accum. Depr-Office Equip. 1,000 15 Accounts Payable 2,000 16 Wages Payable 17 Polly, Capital 18 Polly, Drawing 19 Revenue 20 Wages Expense 25,700 2,300 85,000 30,000 21 Rent Expense 4,700 22 Utilities Expense 4,100 23 Cleaning Supplies Expense 24 Insurance Expense 25 Depreciation Expense-Office Eq 26 Totals 27 Net income or loss 28 Totals 29 113,700 113,700 30 Adjusting Entry information for December 31: 31 A. Prepaid Insurance which has expired $500. 32 B. Ending Cleaning Supplies Inventory is $1,500. 33 C. Service Revenue earned but not yet received is $4,000. 34 D. Depreciation on the Office Equipment for this year, $400. 35 E. Wages accrued but not yet paid, $2,000. 36 27 (c) Journalize the adjusting entries using the worksheet as a basis Balance Sheet Credit Debit Credit Adjusted Trial Balance Income Statement Credit Debit Debit