The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Cash Accounts receivable Allowance for doubtful accounts Merchandise inventory Supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Social security tax payable Medicare tax payable Steven Van Zant, Capital Steven Van Zant, Drawing Income summary Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense Salaries expense Payroll taxes expense Supplies expense Insurance expense Depreciation expense-Equipment Uncollectible accounts expense Totals Debit Credit $ 18,400 59,600 $ 240 186,000 7,120 3,040 50,800 17,600 8,500 1,370 430 276,430 73,800 179,800 186,000 772,000 14,200 486,700 5,200 8,300 5,100 33,600 6,230 122,940 11,600 6,400 1,540 7,900 1,100 $1,275,970 $1,275,970 Prepare a postclosing trial balance for the firm on December 31, 20X1. Credit 240 VAN ZANT JANITORIAL SUPPLIES Post-closing Trial Balance December 31, 20X1 Account name Debit Cash $ 18,400 Accounts receivable 59,600 Allowance for doubtful accounts Merchandise inventory 186,000 Supplies 7,120 Prepaid insurance 3,040 Equipment 50,800 Accumulated depreciation Equipment Accounts payable Social security tax payable Medicare tax payable Steven Van Zant, Capital Steven Van Zant, Drawing Income summary Sales Sales returns and allowances Purchases Freight in Purchases returns and allowances Purchases discounts Rent expense Telephone expense 17,600 8,500 1,370 430 Salaries expense Payroll taxes expense Supplies expense Insurance expense Depreciation expense-Equipment Uncollectible accounts expense Totals $ 324,960 $ 28,140