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S. Wright trades as Shop Write Services. The trial balance of the business is shown below: Additional data at March 31, 2019: i. Prepaid insurance
S. Wright trades as Shop Write Services. The trial balance of the business is shown below: Additional data at March 31, 2019: i. Prepaid insurance represents premiums for 15 months, from April 1, 2018 to June 30, 2019. ii. Accrued interest expense $300 iii. Accrued interest revenue $400 iv. Unearned service revenue remaining at year-end \$5,200 v. Accrued advertising expense $600 (credit Accounts Payable) vi. Supplies on hand $600 vii. Accrued salary expense $900 viii. Depreciation - Furniture \$750 ix. Depreciation - Buildings $500 Required Prepare: a) journal entries to show the above adjustments b) the adjusted trial balance at March 31, 2019 c) The Income Statement for the Month. d) The Statement of Owner's Equity for the Month e) The Balance sheet for Shop Write as at March 31, 2019 f) Prepare the closing entries and post-closing trial balance
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