Problem 4-5

The balances in each account before the adjusting entries are given below (all accounts have normal balances). Create T-accounts for all the accounts and post the balances from the list below. Then postthe adjusting entries you prepared in Problems 4-2 and 4-4 to the T-accounts (ledger). Then calculate the new balance in each account. Finally, prepare an adjusted trial balance.

Cash	$9,950
Accounts Receivable	1,500
Prepaid Rent	9,000
Prepaid Insurance	7,200
Supplies	4,000
Equipment	80,000
Accumulated Depreciation	-
Accounts Payable	8,040
Notes Payable	10,000
Interest Payable	-
Wages Payable	-
Unearned Revenue	10,000
Common Stock	40,000
Service Revenue	110,500
Wages Expense	62,525
Rent Expense	-
Insurance Expense	-
Interest Expense	-
Supplies Expense	-
Utility Expense	4,365
Depreciation Expense