The adjusted trial balance of ZHILIK COMPANY appears below. Using the information from the adjusted trial balance, you are to prepare for the month ending December 31:

1. a statement of owners quity. - 5 POINTS
2. CLOSING ENTRY - 8 POINTS
3. POST CLOSING TRIAL BALANCE - 6 POINTS

( please try to do the answers in excel file so that i can copy)

ZHILIK COMPANY

Adjusted Trial Balance

December 31, 2020

Debit Credit

Cash .................................................................................................. $ 4,400

Accounts Receivable......................................................................... 2,200

Office Supplies.................................................................................. 1,800

Office Equipment.............................................................................. 15,000

Accumulated DepreciationOffice Equipment................................ $ 4,000

Accounts Payable.............................................................................. 3,800

Unearned Revenue........................................................................... 5,000

OWNERS CAPITAL............................................................................. 14,400

OWNERS DRAWING........................................................................ 2,500

Service Revenue............................................................................... 3,700

Office Supplies Expense................................................................... 600

Depreciation Expense....................................................................... 2,500

Rent Expense.................................................................................... 1,900 ______

$30,900 $30,900

A B Amount Amount $ 3,700.00 1 ZHILIK COMPANY 2 Income Statement 3 For the Year ended 31 Dec, 2019 4 Particulars 5 Revenue: 6 Service Revenue 7 8 Gross proft 9 Less: Exp.: 10 Office Suplies exp 11 Dep. Exp. 12 Rent Exp. 13 $ 3,700.00 600 2500 1900 14 15 16 17 18 19 Total Expense 20 Net Loss 21 $ 5,000.00 (1,300.00 22 LL E F ZHILIK COMPANY Owner Capital Statement For the Year ended 31 Dec, Particulars Amount Opening Bal. $ 14,400.00 Add: Net Income $ (1,300.00) Sub Total $ 13,100.00 Less: Drawing $ (2,500.00) Closing Bal. Of Capital statement $ 10,600.00 Amount $ Amount $ Amount $ Amount $ Balance Sheet Assetd Current Assets: Cash Account Receivable Office Supplies Liablites Current liablies: Account payable $ 3,800.00 4400 2200 1800 Unearned Revenue $ 5,000.00 $ 8,400.00 Total current Liablities (A) $ 8,800.00 Non Current Assets: proerty Plant and Equipment Shareholders Equity: Equipent Less: Acum. Dep. Office Equi. $ 15,000.00 $ (4,000.00) Owner's Capital Total Shareholders Equity (B) $ 10,600.00 $ 10,600.00 Net Fixed Assets (B) $ 11,000.00 Total Assets (A+B) $ 19,400.00 Total Liablities (A+B) $ 19,400.00 K L M N o P ZHILIK COMPANY Journal Entries No. Particulars 1 Service Revenue To Income Summary Credit Debit $ 3,700.00 $ 3,700.00 $ 5,000.00 600 2 Income Summary Office Suplies exp Dep. Exp. Rent Exp. 2500 1900 $ 10,600.00 3 Income Summary owners Capital $ 10,600.00 $ 2,500.00 4 owners Capital owners Drawings $ 2,500.00