Prepare an after-closing trial balance as of December 31. (The items in the Trial Balance should be grouped as follows: Assets (in order of their liquidity), Liabilities (in order of their liquidity) and Equity. Omit the "$" sign in your response.)

SUSQUEHANNA EQUIPMENT RENTALS
After-Closing Trial Balance
December 31, 2013
	Debit		Credit
(Click to select)Interest payableUnexpired insuranceRental equipmentPrepaid rentSalaries payableOffice suppliesCash	$
(Click to select)Rental equipmentInterest payablePrepaid rentUnexpired insuranceOffice suppliesSalaries payableAccounts receivable
(Click to select)Prepaid rentDividends payableUnearned rental feesOffice suppliesRental equipmentInterest payableUnexpired insurance
(Click to select)Dividends payableUnearned rental feesPrepaid rentRental equipmentUnexpired insuranceInterest payableOffice supplies
(Click to select)Interest payableRental equipmentUnearned rental feesOffice suppliesUnexpired insuranceDividends payablePrepaid rent
(Click to select)Prepaid rentRental equipmentInterest payableUnexpired insuranceDividends payableUnearned rental feesOffice supplies
(Click to select)Dividends payableOffice suppliesUnexpired insurancePrepaid rentAccumulated depreciation: Rental equipmentRental equipmentSalaries payable			$
(Click to select)Retained earningsAccounts receivableUnexpired insurancePrepaid rentOffice suppliesNotes payableRental equipment
(Click to select)Accounts payablePrepaid rentAccounts receivableUnexpired insuranceOffice suppliesRetained earningsRental equipment
(Click to select)Income taxes payableSalaries payableDividends payable Interest payableAccounts payableUnearned rental feesRetained earnings
(Click to select)Dividends payableUnearned rental fees Interest payableRetained earningsAccounts payableIncome taxes payableSalaries payable
(Click to select) Interest payableRetained earningsIncome taxes payableUnearned rental feesSalaries payableDividends payableAccounts payable
(Click to select)Income taxes payableUnearned rental feesSalaries payableRetained earningsDividends payable Interest payableAccounts payable
(Click to select)Dividends payableSalaries payable Interest payableRetained earningsIncome taxes payableAccounts payableUnearned rental fees
(Click to select)Prepaid rentAccounts payableSalaries payableDividends payableOffice suppliesShare capitalRetained earnings
(Click to select)Share capitalOffice suppliesPrepaid rentRetained earningsDividends payableSalaries payableAccounts payable
Totals	$		$

Prepare the necessary adjusting entries for December. (Do not round intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.) General Journal Debit Credit Date Dec. 31 Rent expense 3200 Prepaid rent 3200 31 Interest expense 737 Interest payable 737 31 Depreciation expense 2900 Accumulated depreciation: Rental equip. 2900 31 Office supplies expense 1020 Office supplies 1020 31 Unearned rental fees 4200 Rental fees earned 4200 31 Accounts receivable 1800 Rental fees earned 1800 31 Salaries expense 1600 Salaries payable 1600 31 Income taxes expense 10065 Income taxes payable 10065 Prepare closing entries and post to ledger accounts. (Do not round intermediate calculations. Omit the "$" sign in your response.) General Journal Credit Date Dec. 31 Debit 44500 Rent fees earned Income summary 44500 31 Income summary 29402 Salaries expense 10,200 Maintenance expense 600 Utilities expense 680 Rent expense 3,200 Depreciation expense 2,900 Office supplies expense 1,020 Interest expense 737 Income taxes expense 10,065 31 Income summary 15098 Retained earnings 15098 31 Retained earnings 2600 Dividends 2600 31 Utilities expense 680 Accounts payable 680 31 Cash 16,100 Accounts receivable 3,900 Rental fees earned 20000 Prepare an income statement for the year ended December 31. (Input all amounts as positive values. Do not round intermediate calculations and round your final answers to the nearest dollar amount. Omit the "$" sign in your response.) SUSQUEHANNA EQUIPMENT RENTALS Income Statement For the Year Ended December 31, 2013 Revenue: Rental fees earned $ 44500 Expenses Salaries expense $ 10,200 Maintenance expense 600 Utilities expense 680 Rent expense 3,200 1,020 Office supplies expense Depreciation expense 2,900 Interest expense 737 19337 Profit before income taxes expense $ 25163 Income taxes expense 10065 Profit $ 15098 Prepare a statement of changes in equity for the year ended December 31. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) SUSQUEHANNA EQUIPMENT RENTALS Statement of Changes in Equity For the Year Ended December 31, 2013 Retained earnings, December 1, 2013 $ 0 Add: Profit 15098 Subtotal 15098 Less: Dividends -26000 Retained earnings, December 31, 2013 $ -10902 December 31, 2013 Assets Cash $ 141120 Accounts receivable 8500 Prepaid rent 6,400 Office supplies 680 Unexpired insurance 8,880 Rental equipment 278400 Less: Accumulated depreciation 2900 275500 Total Assets $ 441080 Liabilities & Equity Liabilities: Notes payable $ 147400 Accounts payable 1780 Salaries payable 1,600 Dividends payable 26,000 Unearned rental fees 4,400 Income taxes payable 10,065 Interest payable 737 Total Liabilities $ 191982 Shareholders' equity: Retained earnings $ -10902 Share capital 260000 Total Shareholders' Equity $ 249098 Total Liabilities and Shareholders' Equity $ 441080