The following is the adjusted trial balance for the first three months of operations ending on December 31, 2020.

Thompson Trucking Adjusted Trial Balance December 31, 2016

Debit

Credit

Cash

82,100

Accounts receivable

15,000

Packing supplies

1600

Prepaid rent

900

Truck

52,000

Accum. Amortization, Truck

3,600

Computer

2,400

Accum. Amortization, Computer

300

Accounts payable

6,400

Salary payable

3,800

Unearned revenue

4,000

J. Thompson, Capital

132,000

J. Thompson, Withdraw

1000

Delivery Fees earned

35000

Amortization expense, truck

3600

Amortization expense, computer

300

Rent expense

2,700

Salary expense

10,600

Utility expense

1800

Telephone expense

1700

Packing supplies expense

9,400

Total

185,100

185100

Adjustments: As on December 31

1. Packing supplies on hand $800. 3. Rent expired $100

2. Depreciation on Truck 10% 4. Revenue earned $ 2000.

Prepare:

1. Adjusting entries

2. Adjusted Trial Balance

3. Income statement.

4. Classified balance sheet

5. Closing entries

6. post-closing trial balance.