The following transactions occurred during the month of December 2014:

Dec. 03 Paid acoount payable of $350

05 Paid insurance premiums of $9200 in advance (use pernabebt account)

06 Received $90 as advance payment of delivery service (use permanent account)

09 Billed and collected $6320 in cash from delivery fees

10 Purchased $920 of office supplies on account

11 Acquired a truck worth $42000 by paying $7400 in cash and giving a long-term note payable for the balance

15 Paid wages of $2600 for the period December 1-15

16 Collected $2450 of accounts receivable

17 Paid $1460 cash for repairs to trucks

21 Paid $1700 cash for advertising on a local television station

28 Paid wages of $1800 for the period December 16-28

29 Billed and collected $3900 in cash from delivery fees

31 Declared and paid dividends in the amount of $1200

a. Unpaid wages were $420 as of December 31.

b. The December 31 office supplies inventory was $80.

c. The unexpired portion of the prepaid rent was $600 as of December 31.

d. The unexpired portion of the prepaid insurance was $4070 as of December 31.

e. Depreciation for the year on the trucks was $27440.

f. Unearned delivery fees balance at December 31 was $375.

g. Interest Expense on the notes payable for 2014 was $31000, payable February 1, 2015.

Question: 1. Journalize and post the closing entries

2. prepare a post-closing trial balance

Adjusted Trail Balance Particulars Cash (-12950+285) Accounts Payable (920-350) Prepaid Insurance (9200-5130) Office Supplies (920-840) Truck Wages Expense (2600+1800+420) Repair Expenses Office Supplies Expense Advertisement Expense Dividend Insurance Expense Prepaid Rent Depreciation Expense Accumulated Depreciation truck Rent Expense Unearned Revenue (90+285) Fees Revenue (6320+3900) Wages Payable Interest Expense Interest Payable Long Term Note Payable Accounts Receivables Total Debit Credit $12,665 570 $ 4,070 80 $ 42,000 $4,820 $1,460 840 $1,700 $1,200 $ 5,130 600 $27,440 $27,440 600 375 $10,220 420 $31,000 $ 31,000 S 34,600 $2,450 1,20,340 $ 1,20,340 $ 1