required 5 and 6.

In the books Yaico Ltd. Following is the Trial Balance. Trial Balance as on December 31" 2020 Account title Debit s Credits Cash 252,000 Supplies 25,000 Prepaid Insurance 6,000 Equipment 53,000 Notes Payable 50.000 Accounts Payable 25,000 Unearned Service Revenue 15,000 Share Capital Ordinary 100,000 Retained Earnings 0 Dividends 5.000 Service Revenue 200,000 Salaries and Wages Expense 40,000 Rent Expense 9,000 Total 390,000 390,000 Adjusting Entries a. Supplies on hand on December 31 total to $5,000. b. Expired insurance for the month is $1,200. c. Depreciation for the month is $500. d. Services related to unearned service revenue in december worth $6,000 were performed. e. Services performed but not recorded at december 31 are to $3.600. f. Interest accrued on December 31 is $850. g. Accrued salaries on December 31 are $1,560, Required: 1. Prepare adjusting entries. (20 marks) 2. Prepare necessary T accounts. (20 marks) 3. Prepare Adjusted Trial Balance (20 marks) 4. Prepare financial statements. (20 marks) 5. Prepare Closing entries. (10 marks) 6. Prepare Post Closing Trial Balance. (10 marks)