The data needed to determine year$-$end adjustments are as follows:

$($a$)$ Supplies on hand at March $31$ are $$7,500.$

$($b$)$ Insurance premiums expired during year are $$1,800.$

$($c$)$ Depreciation of equipment during year is $$8,350.$

$($d$)$ Depreciation of trucks during year is $$6,200.$

$($e$)$ Wages accrued but not paid at March $31$ are $$600.$

Required:

$1.$ For each account listed in the trial balance, enter the balance in the appropriate Balance column of a four$-$column account and select the check mark $()$ in the Post. Ref. column.

$2.($Optional$)$ On your own paper or spreadsheet, enter the unadjusted trial balance on an end$-$of$-$period work sheet and complete the work sheet.

$3.$

a$.$ Journalize the adjusting entries on Page $26$ of the journal. Adjusting entries are recorded on March $31.$

b$.$ Post the adjusting entries to the ledger, inserting balances in the accounts affected.

$4.$ Prepare an adjusted trial balance.

$5.$

a$.$ Prepare an income statement for the year ended March $31,20$Y$4.$

b$.$ Prepare a statement of stockholders$$ equity for the year ended March $31,20$Y$4,$ additional common stock of $$6,000$ was issued.

c$.$ Prepare a balance sheet as of March $31,20$Y$4.$

$6.$

a$.$ Journalize the closing entries on page $27$ of the journal. $($Note: Complete the adjusted trial balance, the income statement, the statement of stockholders$$ equity, and the balance sheet BEFORE completing part $6.$ a$.)$

b$.$ Post the closing entries, inserting balances in the accounts affected.

$7.$ Prepare a post$-$closing trial balance.