Questions: 1. Record and post the appropriate closing entries, 2. Close temporary accounts and show on ledger on balance columns of accounts, 3. preparing closing trial balance

Required 1. Record and post the appropriate closing entries. 2. Close temporary accounts and show on ledger on Balance Columns of Accounts 3. Prepare a post-closing trial balance. Adjusted Trial Balance December 31, 2020 Credits Debits 9,174 4,630 480 6.480 4.650 12,000 300 167 5.040 252 740 1.380 3.000 49.040 101 Cash 106 Accounts Receivable 126 Computer Supplies 128 Prepaid Insurance 131 Prepaid Rent 163 Office Equipment 164 Accumulated Depreciation, Office Equipment Computer Equipment 168 Accumulated Depreciation, Computer Equipment 3 201 Accounts Payable 9 210 Wages Payable 0 236 Unearned Computer Services Revenue 1 301 Aster Turane. Capital 2302 Aster Turane. Withdrawals 23 403 Computer Services Revenue 24 612 Depreciation Expense Office Equipment 25 613 Depreciation Expense Computer Equipment 26 623 Wages Expense 27 637 Insurance Expense 28 640 Rent Expense 29652 Computer Supplies Expense 30 655 Advertising Expense 31 676 Mileage Expense 32 684 Repairs Expense Computer 33 699 Charitable Donations Expense 34 35 13.400 30.750 300 252 131110 2,160 41.650 2.655 5.760 8 816 1415 500 85 462 85.462 D E F G Aster Systems GENERAL JOURNAL Account Titles and Explanations PR Debits Credits 1 2 3 4 Date 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 KI Adj Tral Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance Pandur E F G Acct No. Credits Debits A B D Aster Systems 2. GENERAL LEDGER 3 Cash 5 Date Explanation PR 5 11-30-20 Balance brought forward 12-03-20 Paid advertising costs. G# 3 12-03-20 Paid to repair company's computer. G# 12-04-20 Collected cash from credit customer. G# 0 12-10-20 Paid employee wages. G# 1 12-17-20 Received advance from customer. G# 2 12-20-20 Did work for a client and collected cash. 3 12-31-20 Collected from credit customer. G# 4 12-31-20 Reimbursed auto expenses. G# 12-31-20 Owner withdrew cash. G# 3,800 1,040 15,950 101 Balance 8,604 4,804 3,764 9,714 6,954 9,954 11,054 12,854 9,974 9,174 2,760 G# 3,000 1,100 1,800 2,880 800 Acct No. Credits PR Debits Accounts Receivable Date Explanation 11-30-20 Balance brought forward 12-04-20 Collected cash from credit customer. 12-31-20 Collected from credit customer. 106 Balance 12,380 6,430 4,630 G# G# 5,950 1.800 Computer Supplies Date Explanation 11-30-20 Balance brought forward 12-17-20 Made purchase on account. 12-03-201 Supplies used Adj Trial Balance Closing Entries Acct No. 126 PR Debits Credits Balance 2,395 G# 3,135 2655 480 Balance Column Accounts Post-Closing Trial Balance 740 G# Protected View This file originated from an Internet location and might be unsafe. Click for more details. Enable Editing 5205 C D F G Acct No. Credits PR Debits 126 Balance 2,395 3,135 480 740 G# G# 2,655 Acct No. Credits PR Debits 128 Balance 8,640 6,480 G# 2,160 A B 8 9 Computer Supplies 0 Date Explanation 31 11-30-20 Balance brought forward B2 12-17-20 Made purchase on account 33 12-03-20 Supplies used. 34 35 36 37 Prepaid Insurance 38 Date Explanation 39 11-30-20 Balance brought forward 40 12-03-20 To record expired insurance. 41 42 43 44 Prepaid Rent 45 Date Explanation 46 11-30-20 Balance brought forward 47 12-17-20 To record expired rent. 48 49 50 51 52 53 54 55 Office Equipment 56 Date Explanation 57 11-30-20 Balance brought forward 58 59 Acct No. Credits PR Debits 131 Balance 9,300 4,650 G# 4,650 Acct No. Credits PRO Debits 163 Balance 12,000 Adj Trial Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance WA Protected View This file originated from an Internet location and might be unsafe. Click for more details. Enable Edit E205 E G A B D Accumulated Depreciation, Office Equipment Date Explanation PR 11-30-20 Balance brought forward 12-17-20 To record depreciation. G# F Acct No. Credits 164 Balance Debits 300 300 167 Balance 5,040 168 Balance 252 Computer Equipment Acct No. Date Explanation PR Debits Credits 11-30-20 Balance brought forward 1 2 3 4 5 Accumulated Depreciation, Computer Equipment Acct No. 6 Date Explanation PR Debits Credits 7 11-30-20 Balance brought forward 8 12-10-20|To record depreciation G# 252 9 0 Accounts Payable Acct No. 31 Date Explanation PR Debits Credits 32 11-30-20 Balance brought forward 33 12-17-20 Made purchase on account G# 740 34 35 86 87 Wages Payable Acct No. 88 Date Explanation PR Debits Credits 89 11-30-20 Balance brought forward 90 12-04-20 To record accrued wages. G# 1.380 91 92 93 201 Balance 740 210 Balance 1.380 KI Adj Trial Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance Acct No. Credits 236 Balance Debits 3,000 3,000 Acct No. Credits Debits 301 Balance 49,040 40,182 8,858 B A D 92 93 94 Unearned Computer Services Revenue 95 Date Explanation PR 96 11-30-20 Balance brought forward 97 12-17-20 Received advance from customer. G# 98 99 100 101 Aster Turane, Capital 102 Date Explanation PR 103 11-30-20 Balance brought forward 104 12-31-20 Close Income Summary to capital. G# 105 106 107 108 Aster Turane, Withdrawals 109 Date Explanation PR 110 11-30-20 Balance brought forward 111 12-31-20 Owner withdrew cash. G# 112 113 114 115 116 Computer Services Revenue 117 Date Explanation PR 118 11-30-20 Balance brought forward 119 12-20-20 Did work for a client and collected cash. G# 120 121 122 123 Acct No. Credits Debits 302 Balance 2,600 3,400 800 Acct No. Credits Debits 403 Balance 29,650 30.750 1.100 24 Adj Trial Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance Ready B C D E F G 24 25 26 Depreciation Expense, Office Equipment Acct No. 612 7 Date Explanation PR Debits Credits Balance 28 11-30-20 Balance brought forward 09 12-17-20 To record depreciation. G# 300 300 30 31 32 33 Depreciation Expense, Computer Equipment Acct No. 613 34 Date Explanation PR Debits Credits Balance 35 11-30-20 Balance brought forward 36 12-10-20 To record depreciation G# 252 252 37 38 39 40 Wages Expense Acct No. 623 41 Date Explanation PR Debits Credits Balance 42 11-30-20 Balance brought forward 8,970 43 12-10-20 Paid employee wages. G# 2,760 11,730 44 12-04-20 To record accrued wages. G# 1,380 13,110 45 46 147 Insurance Expense Acct No. 637 148 Date Explanation PR Debits Credits Balance 149 11-30-20 Balance brought forward 150 12-03-20 To record expired insurance. G# 2,160 2,160 151 152 153 154 Rent Expense Acct No. 640 155 Date Explanation PR Debits Credits Balance KI Adj Trial Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance Acct No. Credits 640 Balance PR Debits 153 154 Rent Expense 155 Date Explanation 156 11-30-20 Balance brought forward 157 12-17-20 To record expired rent! 158 159 G# 4,650 4,650 160 161 Acct No. Credits 652 Balance 2,655 Acct No. Credits 655 Balance 1,950 5,750 Computer Supplies Expense 162 Date Explanation PR Debits 163 11-30-20 Balance brought forward 164 12-03-20 Supplies used. G# 2,655 165 166 167 168 Advertising Expense 169 Date Explanation PR Debits 170 11-30-20 Balance brought forward 171 12-03-20 Paid advertising costs. G# 3.800 172 173 174 175 Mileage Expense 176 Date Explanation PR Debits 177 11-30-20 Balance brought forward 178 12-31-20 Reimbursed auto expenses. G# 2,880 179 180 181 182 Repairs Expense, Computer 183 Date Explanation PR Debits 184 11-30-20 Balance brought forward lift K1 Adi Trial Balance Closing Entries Balance Column Accounts Acct No. Credits 676 Balance 5,936 8,816 Acct No. Credits 684 Balance 375 Acct No. Credits PR Debits Mileage Expense Date Explanation 11-30-20 Balance brought forward 12-31-20 Reimbursed auto expenses. 676 Balance 5,936 8,816 G# 2,880 Acct No. Credits PR Debits Repairs Expense, Computer Date Explanation 11-30-20 Balance brought forward 12-03-20 Paid to repair company's computer 684 Balance 375 1,415 G# 1,040 Acct No. Credits PR Debits 699 Balance 500 Charitable Donations Expense Date Explanation 0 11-30-20 Balance brought forward 1 2 3 34 95 96 Income Summary 97 Date Explanation 98 99 00 01 Acct No. Credits 901 Balance PR Debits 202 02 Adj Trial Balance Closing Entries Balance Column Accounts Post-Closing Trial Balance Credits 2 3 Post Closing Trial Balance 4 December 31, 2020 5 6 Debits 7 101 Cash 8 106 Accounts Receivable 9 126 Computer Supplies 10 128 Prepaid Insurance 11 131 Prepaid Rent 12 163 Office Equipment 13 164 Accumulated Depreciation Office Equipment 14 167 Computer Equipment 15 168 Accumulated Depreciation, Computer Equipment 16 201 Accounts Payable 17 210 Wages Payable 18 236 Unearned Computer Services Revenue 19 301 Aster Turane, Capital 20 302 Aster Turane. Withdrawals 21 403 Computer Services Revenue 22 612 Depreciation Expense Office Equipment 23 613 Depreciation Expense, Computer Equipment 24 623 Wages Expense 25 637 Insurance Expense 26 640 Rent Expense 27 652 Computer Supplies Expense 28 655 Advertising Expense 29 676 Mileage Expense 30 684 Repairs Expense, Computer 31 699 Charitable Donations Expense 32 33 KI Adj Trial Balance Closing Entries Balance Column Accounts Ready Post-Closing Trial Balance