Problem 6.2A (Algo) Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO 6-1, 6-2 A completed worksheet for The King Group is given below. Account Name Cash Accounts receivable Supplies Propaid advertising Equipment Accumulated depreciation Equipment hecounts payable Delva King, Capital Delva King, Drawing Tees Income Supplies expense Advertising expense Depreciation expense-Equipment Salaries expense Utilities expense Totals Net income THE KING GROUP Worksheet Month Ended December 31, 20X1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Debit Credit Debie Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4,400 30,400 4,400 (b) 3,800 26,600 26,600 80,000 B0.000 80,000 (c) 3,200 3,200 3.200 12,800 12,800 12,800 140,000 140,000 140,000 9,200 9.200 9,200 97,800 97,800 (a) 3,200 97,800 3,200 3,200 (b) 3,800 3,800 3,000 (e) 1,200 3,200 3,200 15,200 15,200 15,200 2,200 2,200 2,200 250.600 250.600 10,200 10,200 253,800 253,800 27.600 97,800 226,200 156,000 70.200 10.200 97,800 97.800 226,200 226,200 Required: 1. Record the adjusting entries in the general Journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adiusting entries and the closing entries to the general ledger accounts. Hint Be sure to enter beginning balances. Required: 1. Record the adjusting entries in the general journal (transactions 1-3). 2. Record the closing entries in the general journal (transactions 4-7). 3. Post the adjusting entries and the closing entries to the general ledger accounts 4. Prepare a postclosing trial balance. ed mok Analyze: How many accounts are listed in the adjusted and postclosing trial balance section? sk Int Complete this question by entering your answers in the tabs below. rences Req 1 and 2 Req3 Req 4 Analyze How many accounts are listed in the adjusted and postclosing trial balance section? accounts Adjusted trial balance Postclosing trial balance accounts