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The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows: LARGE COMPANY, INC. Trial Balance December 31,

The trial balance of Large Company, Inc. at the end of its annual accounting period is as follows:

LARGE COMPANY, INC.

Trial Balance

December 31, 2017

Cash.......................................................................

$ 6,000

Prepaid Insurance.................................................

1,600

Supplies ...............................................................

2,100

Equipment ............................................................

20,000

Accumulated DepreciationEquipment..............

$ 2,000

Retained Earnings ...............................................

19,000

...............................................................................

Revenue.................................................................

33,000

Salaries Expense...................................................

18,300

Rent Expense .......................................................

6,000

______

Totals.....................................................................

$54,000

$54,000

Additional information:

  1. Expired insurance, $600.
  2. Unused supplies, per inventory, $800.
  3. Estimated depreciation, $1,000.
  4. Earned but unpaid salaries, $700

Required

  1. Prepare adjusting entries.
  2. Prepare adjusted Trial Balance
  3. Prepare an Income Statement
  4. Prepare a Retained Earnings Statement
  5. Prepare closing entries.

Prepare a post-closing trial balance

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