The ledgers for TJs Specialty Shop are shown below: GENERAL LEDGER ACCOUNT Cash ACCOUNT NO. 101 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 9,705.00 Dec. 16 J3 1,960.00 11,665.00 Dec. 18 J3 1,100.00 10,565.00 Dec. 22 J3 1,560.00 12,125.00 Dec. 23 J3 120.00 12,005.00 Dec. 27 J3 630.00 11,375.00 Dec. 29 J4 2,473.00 13,848.00 Dec. 29 J4 1,100.00 12,748.00 Dec. 30 J4 200.00 12,548.00 ACCOUNT Accounts Receivable ACCOUNT NO. 122 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 10,256.00 Dec. 16 J3 1,960.00 8,296.00 Dec. 16 J3 168.00 8,464.00 Dec. 19 J3 651.00 9,115.00 Dec. 22 J3 1,560.00 7,555.00 Dec. 27 J4 2,121.00 9,676.00 Dec. 29 J4 2,473.00 7,203.00 ACCOUNT Merchandise Inventory ACCOUNT NO. 131 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 21,800.00 Dec. 31 Adjusting J5 21,800.00 Dec. 31 Adjusting J5 19,700.00 19,700.00 ACCOUNT Estimated Returns Inventory ACCOUNT NO. 132 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 250.00 Dec. 31 Adjusting J5 250.00 Dec. 31 Adjusting J5 300.00 300.00 ACCOUNT Supplies ACCOUNT NO. 141 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 1,035.00 Dec. 23 J3 120.00 1,155.00 Dec. 31 Adjusting J5 630.00 525.00 ACCOUNT Prepaid Insurance ACCOUNT NO. 145 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 1,380.00 Dec. 31 Adjusting J5 380.00 1,000.00 ACCOUNT Land ACCOUNT NO. 161 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 8,750.00 ACCOUNT Building ACCOUNT NO. 171 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 52,000.00 ACCOUNT Accumulated DepreciationBuilding ACCOUNT NO. 171.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 9,200.00 Dec. 31 Adjusting J5 800.00 10,000.00 ACCOUNT Store Equipment ACCOUNT NO. 181 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 28,750.00 ACCOUNT Accumulated DepreciationStore Equipment ACCOUNT NO. 181.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 9,300.00 Dec. 31 Adjusting J5 450.00 9,750.00 ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 3,600.00 Dec. 17 J3 150.00 3,450.00 Dec. 18 J3 1,100.00 2,350.00 Dec. 24 J3 1,200.00 3,550.00 Dec. 26 J3 800.00 4,350.00 ACCOUNT Customer Refunds Payable ACCOUNT NO. 203 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 300.00 Dec. 31 Adjusting J5 100.00 400.00 ACCOUNT Wages Payable ACCOUNT NO. 219 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 31 Adjusting J5 330.00 330.00 20-2 Jan. 1 Reversing J5 330.00 ACCOUNT Sales Tax Payable ACCOUNT NO. 231 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 1,378.00 Dec. 16 J3 8.00 1,386.00 Dec. 19 J3 31.00 1,417.00 Dec. 27 J4 101.00 1,518.00 ACCOUNT Mortgage Payable ACCOUNT NO. 251 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 12,525.00 ACCOUNT Tom Jones, Capital ACCOUNT NO. 311 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 90,000.00 Dec. 31 Closing J6 10,403.00 100,403.00 Dec. 31 Closing J6 8,500.00 91,903.00 ACCOUNT Tom Jones, Drawing ACCOUNT NO. 312 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 8,500.00 Dec. 31 Closing J6 8,500.00 ACCOUNT Income Summary ACCOUNT NO. 313 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 31 Adjusting J5 21,800.00 21,800.00 Dec. 31 Adjusting J5 19,700.00 2,100.00 Dec. 31 Adjusting J5 250.00 2,350.00 Dec. 31 Adjusting J5 300.00 2,050.00 Dec. 31 Closing J6 129,008.00 126,958.00 Dec. 31 Closing J6 116,555.00 10,403.00 Dec. 31 Closing J6 10,403.00 ACCOUNT Sales ACCOUNT NO. 401 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 124,900.00 Dec. 16 J3 160.00 125,060.00 Dec. 19 J3 620.00 125,680.00 Dec. 27 J4 2,020.00 127,700.00 Dec. 31 Closing J6 127,700.00 ACCOUNT Sales Returns and Allowances ACCOUNT NO. 401.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 1,430.00 Dec. 31 Adjusting J5 100.00 1,530.00 Dec. 31 Closing J6 1,530.00 ACCOUNT Purchases ACCOUNT NO. 501 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 64,400.00 Dec. 24 J3 1,200.00 65,600.00 Dec. 26 J3 800.00 66,400.00 Dec. 30 J4 200.00 66,600.00 Dec. 31 Closing J6 66,600.00 ACCOUNT Purchases Returns and Allowances ACCOUNT NO. 501.1 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 460.00 Dec. 17 J3 150.00 610.00 Dec. 31 Closing J6 610.00 ACCOUNT Purchases Discounts ACCOUNT NO. 501.2 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 698.00 Dec. 31 Closing J6 698.00 ACCOUNT Freight-In ACCOUNT NO. 502 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 175.00 Dec. 31 Closing J6 175.00 ACCOUNT Wages Expense ACCOUNT NO. 511 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 26,100.00 Dec. 29 J4 1,100.00 27,200.00 Dec. 31 Adjusting J4 330.00 27,530.00 Dec. 31 Closing J6 27,530.00 20-2 Jan. 1 Reversing J6 330.00 330.00 ACCOUNT Advertising Expense ACCOUNT NO. 512 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 4,700.00 Dec. 31 Closing J6 4,700.00 ACCOUNT Supplies Expense ACCOUNT NO. 502 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 31 Adjusting J5 630.00 630.00 Dec. 31 Closing J6 630.00 ACCOUNT Phone Expense ACCOUNT NO. 525 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 31 Balance 2,180.00 Dec. 31 Closing J6 2,180.00 ACCOUNT Utilities Expense ACCOUNT NO. 533 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 6,900.00 Dec. 27 J4 630.00 7,530.00 Dec. 31 J6 7,530.00 ACCOUNT Insurance Expense ACCOUNT NO. 535 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Adjusting J5 380.00 380.00 Dec. 31 Closing J6 380.00 ACCOUNT Depreciation ExpenseBuilding ACCOUNT NO. 540 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Adjusting J5 800.00 800.00 Dec. 31 Closing J6 800.00 ACCOUNT Depreciation ExpenseStore Equipment ACCOUNT NO. 541 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Adjusting J5 450.00 450.00 Dec. 31 Closing J6 450.00 ACCOUNT Miscellaneous Expense ACCOUNT NO. 549 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 2,700.00 Dec. 31 Closing J6 2,700.00 ACCOUNT Interest Expense ACCOUNT NO. 551 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-1 Dec. 16 Balance 1,350.00 Dec. 31 Closing J6 1,350.00 8. Prepare a post-closing trial balance.