The adjusted trial balance of Sage Hill Consulting Services is as follows.

SAGE HILL CONSULTING SERVICES Adjusted Trial Balance December 31, 2021

Debit

Credit

Cash $2,900

Accounts receivable 1,000

Prepaid insurance 880

Supplies200

Furniture 13,500

Accumulated depreciation furniture $1,300

Accounts payable 720

Salaries payable 650

Interest payable 32

Unearned revenue 150

Notes payable, due 20232,800

V. Sage Hill, capital 5,000

V. Sage Hill, drawings 9,800

Service revenue 31,508

Rent revenue 670

Depreciation expense 600

Insurance expense 710

Interest expense 150

Rent expense2,000

Repairs expense 270

Salaries expense 9,500

Supplies expense 840

Utilities expense 480

$42,830 $42,830

Beginning with the adjusted trial balance and ending with the post-closing trial balance, prepare a worksheet for Sage Hill Consulting Services for the year ended December 31, 2021.

SAGE HILL CONSULTING SERVICES Worksheet December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021

Adjusted Trial BalanceIncome StatementBalance SheetClosing EntriesPost-closing Trial Balance

Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.

Cash

$2,900

$

$

$

$

$

$

$

$

Accounts Receivable

1,000

Prepaid Insurance

880

Supplies

200

Furniture

13,500

Accumulated Depreciation - Furniture

$1,300

Accounts Payable

720

Salaries Payable

650

Interest Payable

32

Unearned Revenue

150

Notes Payable, due 2023

2,800

V. Sage Hill, Capital

5,000

V. Sage Hill, Drawings

9,800

Income Summary

Service Revenue

31,508

Rent Revenue

670

Depreciation Expense

600

Insurance Expense

710

Interest Expense

150

Rent Expense

2,000

Repairs Expense

270

Salaries Expense

9,500

Supplies Expense

840

Utilities Expense

480

Sub-Totals$42,830$42,830

Profit

Totals