The data needed to determine yoarend adustments are as follows: A. Laundry supplies on hand af dune 30 are $3,600. B. Insurance premiums expired during the year are $5,700. C. Depreciation of laundry equipment durng the year is $6,500. D. Wages accrued but not paid at June 30 are $1,100. The data needed to determine year-end adjustments are as follows: A. Laundry supplies on hand at June 30 are $3,600. B. Insurance premiums expired during the year are $5,700. C. Depreciation of laundry equipment during the year is $6,500. D. Wages accrued but not paid at June 30 are $1,100. 3. a. Joumalze the acjusting entries on pago 10 of the joumat. Adjusting entries are recorded on June 30. Refer to the Charf of Accounts for exact wording of acoount tities. 3. b. Post the adjusting entries. In the T accounts, identify the adjustmonts by "Ad). "and the new balanoes as "Adj. Bat." (Be sure to add a posting reference to the joumal.) 4. Prepare an adjusted trial balance. 5. a. Prepare an income statement for the year ended June 30, 2018. If a net loss has been incurred, onter that amount as a negafive number using a minus sign. Be sure to complete the statement heading. You will not need to enter colons (:) on the income statoment. Refer to the Chart of Accounts for exact wording of account tites. Reter to the lists of Labeis and Amount Descriptions for exact wording of the answer choices for text entries other than account names. 5. b. Prepare a retained earnings statement for the year ended June 30, 2018. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Roter to the Chart of Accounts for exact wording of account tities. Rofer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. 5. c. Prepare a balance sheet as of June 30, 2018. Fixod assets must be entered in order according to account number: Be sure to complete the statement heading. You will not noed to enter colons (i) on the balance sheet; they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of account twes. Fefor to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign. CHART OF ACCOUNTS Epicenter Laundry General Ledger ASSETS 11 Cash 13 Laundry Supplies 14 Prepaid Insurance 17 Laundry Equipment 18 Accumulated Depreciation LIABILITIES 21 Accounts Payable 22 Wages Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 34 Income Summary REVENUE 41 Laundry Revenue EXPENSES 51 Wages Expense 52 Rent Expense 53 Utilities Expense 54 Laundry Supplies Expense 55 Depreciation Expense 56 Insurance Expense 59 Miscellaneous Expense Labels Current assets Current liabilities Expenses For the Year Ended June 30, 2018 June 30,2018 Property, plant, and equipment Amount Descriptions Change in retained earnings Net income Net loss Retained earnings, June 30,2018 Retained earnings, July 1, 2017 Total assets Total current assets Total expenses Total liabilities Total liabilities and stockholders' equity Total property, plant, and equipment Total stockholders' equity Adjusted Trial Balance ACCOUNT TITL 1 Cash 2 Landry Supplies 3 Prepaid Insurance 4 Laundry Equipment 5 Accumulated Depreciation 6. Accounts Payable 7 Wages Payable 8. Common Stock 9 Retained Earnings 10 Dividends 11 Laundry Revenue 12 Wages Expense 13 Rent Expense 14 Utilities Expense is Laundry Supplies Expense 16 Depreciation Expense 17 Insurance Expense 11 Miscellaneous Expense 19 Totals 5. a. Prepare an income statement for the year ended June 30, 2018. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. You will not need to enter colons (:) on the income statement. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. 5. b. Prepare a retained earmings statement for the yoar endod June,30,2018 if a nef loss is incurred or ofvidonds were pald, enter that amount as a negative number bithy a minus sign. Be sure to complete the statemant heading. Foler to the Chart of Accounts for exict wonding of account bifles. Helor to the lists of Labels and Amount Descriptions for exact wording of the answer choices for foxt entries other than account numed. 5. c. Prepare a balance sheet as of June 30, 2018. Fixed assets must be entered in order according to account number. Be sure io complete the statement heading. You will not need to enter colons (:) on the balance sheet; they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of account titles. Refer to the Nists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted o negative numbers use a minus sign. 7. Propare a post-oiosing triat baianco