The unadjusted trial balance of Down and Dirty Laundry at August 31, 2021, the end of the current fiscal year, is shown below. Cash Laudry Supplies Down and Dirty Laundry Unadjusted Trial Balance August 31, 2021 Dr. Prepaid Insurance Laundry Equipment Accumuated Depreciation - Laundry Equip. Accounts Payable Bobbi Downey, Capital Bobbi Downey, Drawing Laundry Revenue Wages Expense Rent Expense Utilities Expense Miscellaneous Expense Cr. 3,800 9,000 6,000 180,800 49,200 7,800 95,000 2,400 248,000 135,800 43,200 up3 ysbnua 16,000 3,000 400,000 400,000 The data needed to determine year-end adjustments are as follows: a) Wages accrued but not paid at 8/31/21 are $2,200 b) Depreciation of equipment during the year is $8,150 c) Laundry supplies on hand at 8/31/21 is $2,000 d) Insurance premiums expired during the year are $5,300 Instructions: 1) For each account listed in the undajusted trial balance, enter the balance in the T account. Identify the balance as "Aug. 31 Bal." In addition, add T accounts for wages Payable, Depreciation Expense, Laudry Supplies Expense, Insurance Expense and Income Summary 2) Enter the unadjusted trial balance on an end of period worksheet and complete the worksheet. Add accounts listed in #1 as needed 3) Journalize and post the adjusting entries and identify them as "Adj." and the new balance as "Adj Bal." 4) Prepare the Adjusted Trial Balance 5) Prepare the Income Statement, Statement of Owners Equity and Balance Sheet. No additional investments were made 6) Journalize and Post the Closing entries. Identify these as "Clo." 7) Prepare the Post-Closing Trial Balance Unadjusted Trial Balance Account Title Dr. End of Period Spreadsheet Adjustments Adjusted Trial Balance Income Balance Statement Sheet Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. 8