Smith AC Services Trial Balance

Account Title	Debit	Credit
Cash	21,520
Accounts Receivable	9,800
Office Supplies	2,950
Prepaid Insurance	1,900
Prepaid Rent	9,000
Office Equipment	23,000
Accounts Payable		550
John Smith, Capital Contributions		53,000
John Smith, Withdrawals	5,300
Service Fees Earned		20,780
Utilities Expense	860
Total	74,330	74,330

Instructions

1. Use the following information to journalize and post adjusting entries for the month:
   1. One month's insurance coverage has expired for $106.
   2. At the end of the month, $600 of office supplies are still available.
   3. This month's depreciation on the office equipment is $500.
   4. Employees earned $420 of unpaid and unrecorded salaries as of month-end.
   5. One months rent has expired for $750.
2. Prepare the adjusted trial balance as of April 30. Prepare the income statement and the statement of owner's equity for the month of April and the balance sheet at April 30, 2019.
3. Prepare journal entries to close the temporary accounts and post these entries to the ledger.
4. Prepare a post-closing trial balance.