Saved Help [The following information applies to the questions displayed below.) Jaguar Auto Company provides general car maintenance to customers. The company's fiscal year-end is December 31 The December 31, 2018, trial balance (before any adjusting entries) appears below. Credits Debits $ 38,000 14,200 23,000 19,200 87,000 $ 28,000 Accounts Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Salaries Payable Utilities Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Depreciation Expense Insurance Expense Supplies Expense Utilities Expense Interest Expense 11,200 0 0 0 31,000 27,000 9,200 2,200 222,400 154,000 0 0 o 11,200 0 Totals $328,800 $328,800 Seved Help VLA Interest Expense Totals $328,800 $328,800 Information necessary to prepare the year-end adjusting entries appears below. a. Depreciation on the machines for the year is $9.200. b. Employee salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2018, are $3,200. c On September 1, 2018, Jaguar borrows $31.000 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 9%. The principal is due in five years. d. On March 1, 2018, the company purchases Insurance for $19,200 for a one-year policy to cover possible injury to mechanics. The entire $19,200 was debited to Prepaid Insurance at the time of the purchase. e. $4,200 of supplies remains on hand at December 31, 2018 On December 30, Jaguar receives a utility bill of $1,800 for the month. The bill will not be paid until early January 2019, and no entry was recorded when the bill was received. 5. Record closing entries and then post them to the T-accounts provided above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Required information View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2018 Record entry Clear entry View general journal 7. Prepare a post-closing trial balance. JAGUAR AUTO COMPANY Post-Closing Trial Balance December 31, 2018 Debit Accounts Credit Totais