Principles of Accounting 1 Chapter 4 Homework, Problem 2 The unadjusted trial balance of Up A Hill Co. at April 30, 20XX, the end of the current fiscal year, is shown below. Up A Hill Co. Trial Balance April 30, 20XX Account Debit Credit Cash $15,000 Accounts Receivable $8,000 Prepaid Insurance $5,000 Supplies $7,500 Land $60,000 Building $80,000 Accumulated Depreciation $12,000 Accounts Payable $15,000 Unearned Fees $5,000 Common Stock $90,000 Retained Earnings $40,000 Dividends $4,000 Fees Eamed $64,000 Salaries and Wages Expense $24,000 Utilities Expense $13,000 Advertising Expense $1,000 Repairs Expense $4,800 Miscellaneous Expense $3,700 Total $226,000 $226,000 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance premiums totaled $1,000. b. Supplies used during the year equaled $2,500. c. Depreciation of the building amounted to $4,500. d. Unearned fees at April 30 equaled $3,000. e. Accrued salaries and wages totaled $3,600. f. Fees earned but unbilled at year end amounted to $6,000. Instructions 1. Journalize and post the adjusting entries in the worksheet provided. 2. Prepare an adjusted trial balance. 3. Prepare an income statement, retained earnings statement and classified balance sheet on additional tabs in the worksheet provided. 4. Journalize and post the closing entries (do not add an income summary account). 5. Prepare a post-closing trial balance.