Problem $4\mathrm{.}4$ a$-$d

Crane Management Services began business on January $1,2022,$ with a capital investment of $$117,300.$ The company manages condominiums for owners $($Service Revenue$)$ and rents space in its own office building $($Rent Revenue$).$ The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows.

Crane Management Services

Worksheet

For the Year Ended December $31,2022$

Trial Balance Adjusted Trial Balance

Dr$.$ Cr$.$ Dr$.$ Cr$.$

Cash $14,00014,000$

Accounts Receivable $28,00028,000$

Prepaid Insurance $3,5882,392$

Land $69,20069,200$

Buildings $128,100128,100$

Equipment $58,80058,800$

Accounts Payable $13,00013,000$

Unearned Rent Revenue $5,9001,100$

Mortgage Payable $117,300117,300$

Owner$$s Capital $148,688148,688$

Owner$$s Drawings $22,30022,300$

Service Revenue $91,20091,200$

Rent Revenue $29,40034,200$

Salaries and Wages Expense $42,30042,300$

Advertising Expense $20,10020,100$

Utilities Expense $19,10019,100$

Totals $405,488405,488$

Insurance Expense $1,196$

Depreciation Expense $6,700$

Accumulated Depreciation$$Buildings $3,200$

Accumulated Depreciation$$Equipment $3,500$

Interest Expense $10,900$

Interest Payable $10,900$

Totals $423,088423,088$

$($a$)$

Prepare a classified balance sheet. $($Note: $$30,900$ of the mortgage note payable is due for payment next year.$)$

$($b$)$

Journalize the adjusting entries.

$($c$)$

Journalize the closing entries.

$($d$)$

Prepare a post$-$closing trial balance