PR 4-3B T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet Obj. 2, 3 S. Net income: The unadjusted trial balance of La Mesa Laundry at August 31, 2018, the end of the fiscal year, 27,350 follows La Mesa Laundry BCB TEMPLATE Cash Laundry Supplies Prepaid Insurance. Laundry Equipment. 3,800 9,000 180,800 Accounts Payable Common Stock Retained Eamings 7.800 2400 248000 Laundry Revenue Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 43,200 The data needed to determine year-end adjustments are as follows: A) Wages accrued but not paid at August 31 are $2.20o B) Depreciation of equipment during the year is $8,150. C) Laundry supplies on hand at August 31 are $2,000. D) Insurance peemiums expired during the year are $5,300. 1 For each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as "Aug. 31 Bal." In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, Insurance Expense, and Income Summary 2. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. Add the accounts listed in part (1) as needed. 3. Journalize and post the adjusting entries. Identify the adjustments by "Adj." and the new balances as "Adj. Bal. i. Prepare an adjusted trial balance. 5. Prepare an income statement, a retained earnings statement, and a balance sheet 6. Journalize and post the closing entries. Identify the closing entries by "Clos. 7. Prepare a post-closing trial balance