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Prepare closing entries and do post-closing trial balance (30 points) Assumed to balance $ 323,800 on debit and credit. Adjusted trial balance Account (Account) Balance

Prepare closing entries and do post-closing trial balance (30 points) Assumed to balance $ 323,800 on debit and credit. Adjusted trial balance Account (Account) Balance Accounts receivable (accounts receivable) 119,000 Prepaid insurance 20,500 Materials (supplies) 3,850 Cash 145,450 Equipment 35,000 Accounts payable 90,000 Notes payable 42,800 Juan del Pueblo, capital 69,000 Juan del Pueblo, retreats (drawings) 20,000 Fee earned 835,000 Utilities expense 24,500 Salary expense 620,000 Advertising expense 3,500 Rent expense 45,000

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