Problem:1 The account balances appearing on the trial balance (below) were taken from the general ledger of Irick's Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $150 on hand at September 30. (b) The amount of insurance that expired in the month of September was $100 (c) Depreciation on equipment for September was $200. (d) Rent owed on the copy shop for the month of September was $300 but will not be paid until October. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation on Equipment Accounts Payable Notes Payable Irick, Capital Irick, Drawing Copy Revenue Utilities Expense S500 SSO 1.100 12,000 2.250 1,200 2,000 7.650 1.200 2.450 200 Instructions: Using the above information write the adjusting entries Adjusting Entries 2 3 4 Problem:2 At March 31, 2019, account balances after adjustments for Maddux Cinema are as follows: Accounts Balances Cash $ 18,000 Concession supplies 12,000 Theatre equipment 1,50,000 Accumulated depreciation-theatre equipment 36,000 Accounts payable 15,000 N. Maddux, capital 20,000 N. Maddux, drawings 36,000 Admission ticket revenues 1,80,000 Popcorn revenues 1,11,000 Candy revenues 57,000 Advertising expense 36,000 Concession supplies expense 57,000 Depreciation expense 12,000 Film rental expense 48,000 Rent expense 36,000 Salaries expense 39,000 Utilities expense 15,000 Instructions a. Prepare the closing journal entries for Maddux Cinema. (5 marks) b. Prepare a post-closing trial balance