The general ledger of Zips Tutoring Services at December 1, 2021, includes the following account balances: Required:

1. Post the transactions recorded in the in-class portion of the exam to the general ledger.

2. Record the adjusting entries in the general journal

a. The annual insurance policy in the amount of $15,000 was purchased on July 1 and has been adjusted through the end of November.

b. Supplies remaining on hand at the end of the year equal $2,075.

c. $14,750 of the deferred revenue has been earned.

d. Depreciation on the building is $750 for December.

3. Post the adjusting entries

4. Complete the following :

a. income statement ,

b. statement of stockholders equity

c. balance sheet as of December 31, 2021 .

5. Record the closing entries in the general journal.

6. Post the closing entries to the general ledger.

7. Prepare a post-closing trial balance.

Debits 70.875 $ 19.250 $ 8.750 s 5.000 $ 60.000 $ 170,000 $ $ $ $ $ 10,000 8.375 17250 187.500 90.625 $ $ 80.825 15.450 8.250 2250 $ $ $ $ $ $ S 6.250 20.625 4375 $ The general ledger of Zips Tutoring Services at December 1, 2021, includes the following account balances: Accounts Credits Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation, Building Accounts Payable Deferred Revenue Common Stock Retained Earrings Dividends 3.500 Service Revenue Salaries Expense Dopreciation Exponse Utilities Expense Supplies Expense Insurance Expense Rent Expense Property Tax Expense 294575 $ 94575 Required: 1. Post the transactions recorded in the in-class portion of the exam to the general ledger. (17 points) 2. Record the adjusting entries in the general journal (8.5 points) a. The annual insurance policy in the amount of $15,000 was purchased on July 1 and has been adjusted through the end of November. b. Supplies remaining on hand at the end of the year equal $2,075. c. $14,750 of the deferred revenue has been earned. d. Depreciation on the building is $750 for December. 3. Post the adjusting entries (4 points) 4. Complete the: a. income statement (6 points), b. statement of stockholders' equity (8.5 points) and c. balance sheet as of December 31, 2021 (9 points). 5. Record the closing entries in the general journal (12.5 points) 6. Post the closing entries to the general ledger (6 points) 7. Prepare a post-closing trial balance (6 points). Credits Debits $ A A A A A A 70,875 19,250 8,750 5,000 60,000 170,000 Accounts Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation, Building Accounts Payable Deferred Revenue Common Stock Retained Eamings Dividends Service Revenue Salaries Expense Depreciation Expense Utilities Expense Supplies Expense Insurance Expense Rent Expense Property Tax Expense 4 4 4 $ $ $ $ 10.000 8,375 17250 187,500 90,625 $ $ 3,500 $ 80,825 15,450 8,250 2,250 4 4 4 4 4 $ $ $ $ $ $ $ 6,250 20,625 4,375 $ 394,575 $ 394,575