Prepare the adjusting and closing entries for 2021:

(Ive also attached the cash balance income sheet)

Prepare the adjusting and closing entries for 2021. 5 Worksheet Adjusting Entries Credit Closing Entries Debit Credit Findo Bal Debit Credit Beginning Bal Debat Credit 5.909 2.000 210,000 121.927 2,400,000 200,000 60.000 5,000 33.564 Savings Account 10 Accounts Receivable 11 Inventory 12 Fixed Asset Fixed As-SORA 1 Ace Depreciation ME 18 Aceum Depreciation SGRA 10 Account Payable 17 Loans Payable 18 Interest Payable Income Tax Payable (Benett) 20 Capital Stock 21 Additional Paid in Capital 12 Retained Earnings 13 Sales COGS 5 SC&A Expenses Interest Expense 7 Income Tax Expense 6,357 300,000 2,500,000 14,904 Totals 52,939,836 52,989,837 $1,507.097 Capital Budget Equipment conting $100.000 will be purchased at the end of polis. The equipment will not be placed into service for purposes of depreciation after the end of the year due to the Other cash them Tax Rate: 30% The beginning cash balance in 1.000 and the contend to maintain this cash.000.55.000 the fact the cash flance 6.000 them is moved Ifending cash is incicient sur le the being the enter in increment of $1.000 barna single interest rate per moth The interest is paid in the une foi All components of cash COGS DM, DL VOBcash RA sp 23 the carter card purchased 13 in the following are Depreciate the structed from the COGS Find Ouerhadad FSC 100 the need All Fired Auto w deprecated over 10 years (20garten). However, the new speend pached in 22 2021 was placed in service by 12/31.2021. Therefore, to develation was recorded on Sales are collected Sons in the quarter of sale and the balance is the following suurte Times red in the earter following the site Use the template below to prepare the Cash Mode 01 55.000 $420,000 02 S5483 $450,000 OJ 04 35,752 $5,722 $720.000 50,000 Cash Badget 2021 Beg Cash Collecting Disbursements DM DL VOH FOH VSIA FSGA Capital Purchases Interest Expense Tax Ixpense Change to Cash Balance Trid Toy From Savings Loans borrowed (repaid 55,136 591 100 52.310 $270,000 STR 200 5.90 000 529 SIOSO 52.600 $220,000 520.00 590.000 5300,000 so so 5331155 540507157 5161.2005714,200 SRO 55.280 $270,000 $220.000 $11.200.00 $20,000 590,000 50 SO $52.646 5601,00 $267.335 595,276 292165 $47,163 $326,103 Ending Cash $5,483 $5,752 $5,772 55.170 Prepare the adjusting and closing entries for 2021. 5 Worksheet Adjusting Entries Credit Closing Entries Debit Credit Findo Bal Debit Credit Beginning Bal Debat Credit 5.909 2.000 210,000 121.927 2,400,000 200,000 60.000 5,000 33.564 Savings Account 10 Accounts Receivable 11 Inventory 12 Fixed Asset Fixed As-SORA 1 Ace Depreciation ME 18 Aceum Depreciation SGRA 10 Account Payable 17 Loans Payable 18 Interest Payable Income Tax Payable (Benett) 20 Capital Stock 21 Additional Paid in Capital 12 Retained Earnings 13 Sales COGS 5 SC&A Expenses Interest Expense 7 Income Tax Expense 6,357 300,000 2,500,000 14,904 Totals 52,939,836 52,989,837 $1,507.097 Capital Budget Equipment conting $100.000 will be purchased at the end of polis. The equipment will not be placed into service for purposes of depreciation after the end of the year due to the Other cash them Tax Rate: 30% The beginning cash balance in 1.000 and the contend to maintain this cash.000.55.000 the fact the cash flance 6.000 them is moved Ifending cash is incicient sur le the being the enter in increment of $1.000 barna single interest rate per moth The interest is paid in the une foi All components of cash COGS DM, DL VOBcash RA sp 23 the carter card purchased 13 in the following are Depreciate the structed from the COGS Find Ouerhadad FSC 100 the need All Fired Auto w deprecated over 10 years (20garten). However, the new speend pached in 22 2021 was placed in service by 12/31.2021. Therefore, to develation was recorded on Sales are collected Sons in the quarter of sale and the balance is the following suurte Times red in the earter following the site Use the template below to prepare the Cash Mode 01 55.000 $420,000 02 S5483 $450,000 OJ 04 35,752 $5,722 $720.000 50,000 Cash Badget 2021 Beg Cash Collecting Disbursements DM DL VOH FOH VSIA FSGA Capital Purchases Interest Expense Tax Ixpense Change to Cash Balance Trid Toy From Savings Loans borrowed (repaid 55,136 591 100 52.310 $270,000 STR 200 5.90 000 529 SIOSO 52.600 $220,000 520.00 590.000 5300,000 so so 5331155 540507157 5161.2005714,200 SRO 55.280 $270,000 $220.000 $11.200.00 $20,000 590,000 50 SO $52.646 5601,00 $267.335 595,276 292165 $47,163 $326,103 Ending Cash $5,483 $5,752 $5,772 55.170