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Solve the following case on a separate sheet. Neatly show your solutions and for each requirement. Compile your answers to your portfolio. Use the data

Solve the following case on a separate sheet. Neatly show your solutions and for each requirement. Compile your answers to your portfolio. Use the data from the adjusted trial balance of Cloud Break Consulting at June 30, 2014:

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Self-Check: Solve the following case on a separate sheet. Neatly show your solutions and for each requirement. Compile your answers to your portfolio. Use the data from the adjusted trial balance of Cloud Break Consulting at June 30, 2014: CLOUD BREAK CONSULTING Adjusted Trial Balance June 30, 2014 Account Title Debit Credit Cash $131,000 Accounts receivable 119,000 Supplies 1,000 Prepaid rent 18,000 Land 45,000 Building 300,000 Accumulated depreciation-building $167,000 Accounts payable 159,000 Salary payable 1,000 Unearned service revenue 10,000 Moe, capital 102,000 Moe, drawing 7,000 Service revenue 495,000 Salary expense 256,000 Supplies expense 3,000 Rent expense 34,000 Depreciation expense-building 12,000 Miscellaneous expense 8,000 Totals $934,000 | $934,000 Requirements 61 1. Prepare Cloud Break's accounting worksheet showing the adjusted trial balance, the inc. statement accounts, and the balance sheet accounts. 2. Journalize and post Cloud Break's closing entries. 3. Prepare the Post-closing Trial Balance

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