Prepare the income statement, Statement of retained earnings and the balance sheet.

Prepare the Closing Journal Entries, Post to General Ledger, and prepare a post-closing Trial Balance.

Prepare all of this with the work I've done in the pictures.

Turn in Corrected PART 1 plus the following: Prepare the Income Statement, Statement of Retained Earnings, and the Balance Sheet. Prepare the Closing Journal Entries, Post to the General Ledger, and Prepare a Post-Closing Trial Balance. T. Nccounts \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Accounting Cycle Project } \\ \hline \multicolumn{3}{|c|}{ Unadjusted Trial Balance } \\ \hline & Debit & Credit \\ \hline Cash: & 20,350 & \\ \hline Accounts Receivable & 1,250 & \\ \hline Supplies & 1,200 & \\ \hline Prepaid Insurance & 1,200 & \\ \hline Truck & 14,000 & \\ \hline Notes Payable & & 11,500 \\ \hline Account Payable & E & 1,200 \\ \hline Deffered Revenue & & 1,000 \\ \hline Common Stock & & 22,000 \\ \hline Dividend & 100 & \\ \hline Service Revenue & & 5,000 \\ \hline Salaries Expenses & 2,600 & \\ \hline Total & 40,700 & 40,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Adjusted Journal Entries } & & \\ \hlineE & - & y & & \\ \hline & 1. & & & \\ \hline Date & \multicolumn{2}{|c|}{ Account } & Debit & Credit \\ \hline 31-Ian & Supplies Expense & & 580 & \\ \hline & & Supplies & & 580 \\ \hline 31-Jan & Insurance Expense & & 100 & \\ \hline & & Prepaid Insurance & & 100 \\ \hline & & & & \\ \hline 31-Jan & Depreciation Expense & & 200 & \\ \hline & & Accumulated Depreciation & & 200 \\ \hline & & & & \\ \hline 31Jan & Accounts Recelvable & & 2750 & \\ \hline & & Service Revenue & & 2750 \\ \hline & & & & \\ \hline 31-Jan & Interest Expense & & 80 & \\ \hline & & Interest Payable & {[} & 80 \\ \hline \end{tabular}