The T-accounts, along with their beginning balances have been opened for you. Post the December transactions to the general ledger accounts. (Note that customer and vendor names are not used for the General Ledger accounts.) Compute each account balance, and denote the balance as Bal. (For any accounts with a zero balance after closing, select a "Bal." reference and enter a "0" on the normal side of the account.) (Click the icon to view the journal entries you prepared above.) Cash Bal. 88,400 Accounts Payable 2,950 Bal. Service Revenue 0 Bal. Bal. Accounts Receivable 2,200 Unearned Revenue Sales Revenue 34,500 Bal. 0 Bal. Merchandise Inventory Salaries Payable Bal. 0 0 Bal. Bal. Sales Returns and Allowances Windows'u Etkinletir Windows'u etkinletirmek iin Ayarlar'a gidin. Bal. Cleaning Supplies 50 Interest Payable Sales Discounts 140 Bal. Bal. Prepaid Rent Notes Payable (Long-Term) Bal. 1,800 42,000 Bal. Bal. Prepaid Insurance Hanoush, Capital Bal. 2,750 32,425 Bal. Bal. Cost of Goods Sold 0 Sales Commissions Expense 0 Equipment Hanoush, Withdrawals Utilities Expense Bal. 7,100|| Bal. 0 Bal. 0 Truck Income Summary Bal. 10,000 0 Bal. Bal. Accum. Depr.-Equip. and Truck 285 Bal. Bal. Bal. Bal. Bal. Depreciation Expense 0 Salaries Expense 0 Insurance Expense 0 Rent Expense 0 Interest Expense Reference Shine King Cleaning Post-Closing Trial Balance November 30, 2017 Account Title Cash Accounts Receivable Cleaning Supplies Prepaid Rent Prepaid Insurance Equipment Truck Accumulated Depreciation-Equipment and Truck Accounts Payable Unearned Revenue Interest Payable Notes Payable (Long-term) Hanoush, Capital Total Balance Debit Credit $ 88,400 2,200 50 1,800 2,750 7,100 10,000 $ 285 2,950 34,500 140 42,000 32,425 $ 112,300 $ 112,300 More info Dec. 2 Purchased 400 units of inventory for $2,000 on account from Mr. Glow, Co. on terms, 2/10, n/20. 5 Purchased 800 units of inventory from Clean Machine on account with terms 4/10, n/30. The total invoice was for $5,600, which included a $200 freight charge. 7 Returned 100 units of inventory to Mr. Glow from the December 2 purchase (cost $500). 9 Paid Clean Machine. 11 Sold 250 units of goods to Messy Maids for $4,250 on account with terms 5/10, n/30. Shine King's cost of the goods was $1,250. 12 Paid Mr. Glow. 15 Received 80 units with a retail price of $1,360 of goods back from customer Messy Maids. The goods cost Shine King $400. 21 Received payment from Messy Maids, settling the amount due in full. 28 Sold 330 units of goods to Allyson, Inc. for cash of $6,930 (cost $1,966). 29 Paid cash for utilities of $300. 30 Paid cash for Sales Commission Expense of $484. 31 Recorded the following adjusting entries: a. Physical count of inventory on December 31 showed 500 units of goods on hand, $3,365 b. Depreciation, $285 c. Accrued salaries expense of $600 d. Prepared all other adjustments necessary for December (Hint: You will need to review the adjustment information from November to determine the remaining adjustments). Assume the cleaning supplies left at December 31 are $50. Requirements 1. Journalize and post the December transactions. Compute each account balance, and denote the balance as Bal. Identify each accounts payable and accounts receivable with the vendor or customer name. 2. Journalize and post the adjusting entries. Denote each adjusting amount as Adj. Compute each account balance, and denote the balance as Bal. After posting all adjusting entries, prove the equality of debits and credits in the ledger. 3. Prepare the December multi-step income statement, statement of owner's equity, and classified balance sheet for the company. List Service Revenue under gross profit, and ignore classifying the expenses as selling and administrative. 4. Journalize the December closing entries for the company. 5. Compute the gross profit percentage for the company.