Prct. --36 - Werd Layout References Mailings Revieve View Developer Help Aa 2-A- 1 Normal 1 No Spac... Heading 1 Heading 2 Title Paragraph Styles PR 4-3B T accounts, adjusting entries, financial statements, Obj. 2, 3 and closing entries optional end-of-period spreadsheet The unadjusted trial balance of La Mesa Laundry at August 31, 2045, the end of the fiscal year, follows: La Mesa Laundry Unadjusted Trial Balance August 31, 2015 Credit Balances Debit Balances 3,800 9,000 6,000 180.800 Cash.. Laundry Supplies Prepaid Insurance Laundry Equipment. Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Dividends Laundry Revenue Wages Expense Rent Expense. Utilities Expense Miscellaneous Expense 49.200 7,800 15,000 80,000 2,400 248,000 135,800 43,200 16,000 3.000 400,000 400,000 The data needed to determine year-end adjustments are as follows: (a) Wages accrued but not paidat August 31 are $2,200 b) Depreciation of equipment during the year is 58.150. Laundry supplies on hand at August 31 are $2.000 id Insurance premiums expired during the year are 55,300 o Bi 13 Preb, 2-38 - Word aut References Mailings Review View Developer Help ELUT . 1 No Spac... Heading 1 Heading 2 Title I Normal Paragraph Styles Wages Expense... Rent Expense... Utilities Expense. Miscellaneous Expense. 135,800 43,200 16,000 3.000 400,000 400,000 The data needed to determine year-end adjustments are as follows: (a) Wages accrued but not paid at August 31 are $2,200. (b) Depreciation of equipment during the year is $8,150. (c) Laundry supplies on hand at August 31 are $2,000. (d) Insurance premiums expired during the year are $5.300. Instructions 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, and Insurance Expense. 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 "Adim and the new bal- ances as "Adj. Bal 4. Prepare an adjusted trial balance 5. Prepare an income statement, a statement of stockholders equity, and a balance sheet. During the year ended August 31, 2045, common stock of $3,000 was issued 6. Journalive and post the closing entries. Identify the closing entries by "Clos." Prepare a post-closing trial balance. O RI W