Prepare the Adjusting Entries.

Prepare the Adjusted Trial Balance

Prepare the Financial Reports - Income Statement / Balance Sheet / Statement of Owner's Equity

Part 3:

Continue using the data you have produced in your worksheet from Part 2 to prepare for the following:

Closing Entries

Closing Entries Ledger

Post Closing Trial Balance

Ladner Environmental Services Unadjusted Trial Balance April 30, 2020 Dr. Cr. Cash 31,000 Accounts receivable 14,000 Supplies 1,500 Prepaid insurance 3,600 Furniture 45,000 Accum. amort.- furniture 0 Land 50,000 Accounts payable 12,000 Salary payable 0 Unearned service rev 3,000 John Ladner, capital 120,100 John Ladner, withdrawals 6,000 Service revenue 24,000 Amortization exp Insurance expense Rent expense Salary expense Supplies expense Utilities expense 0 0 3,000 4,000 0 1,000 159,000 159,000 Consider the following adjustments: a. Prepaid insurance expired during April, $300. b. Supplies remaining on hand at April 30, 2010, $1,000. c. Amortization on furniture for the month of April, $750. d. Accrued salary expense, $4,000. e. Accrued service revenue, $1,500. f. Amount of unearned service revenue that was earned during April, $1,000