The unadjusted trial balance of Epicenter Laundry at June 30, 20Y6, the end of the fiscal year, follows:

Epicenter Laundry

UNADJUSTED TRIAL BALANCE

June 30, 20Y6

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	11,000.00
2	Laundry Supplies	26,500.00
3	Prepaid Insurance	9,600.00
4	Laundry Equipment	232,600.00
5	Accumulated Depreciation		125,400.00
6	Accounts Payable		11,800.00
7	Common Stock		40,000.00
8	Retained Earnings		65,600.00
9	Dividends	5,000.00
10	Laundry Revenue		232,200.00
11	Wages Expense	125,200.00
12	Rent Expense	40,000.00
13	Utilities Expense	19,700.00
14	Miscellaneous Expense	5,400.00
15	Totals	475,000.00	475,000.00

The data needed to determine year-end adjustments are as follows:

A.	Laundry supplies on hand at June 30 are $8,600.
B.	Insurance premiums expired during the year are $5,700.
C.	Depreciation of laundry equipment during the year is $6,500.
D.	Wages accrued but not paid at June 30 are $1,100.

CHART OF ACCOUNTS

Epicenter Laundry

General Ledger

	ASSETS
11	Cash
13	Laundry Supplies
14	Prepaid Insurance
17	Laundry Equipment
18	Accumulated Depreciation

	LIABILITIES
21	Accounts Payable
22	Wages Payable

	EQUITY
31	Common Stock
32	Retained Earnings
33	Dividends

	REVENUE
41	Laundry Revenue

	EXPENSES
51	Wages Expense
52	Rent Expense
53	Utilities Expense
54	Laundry Supplies Expense
55	Depreciation Expense
56	Insurance Expense
59	Miscellaneous Expense

Labels and Amount Descriptions

Labels
Current assets
Current liabilities
Expenses
For the Year Ended June 30, 20Y6
June 30, 20Y6
Property, plant, and equipment
Amount Descriptions
Balances, July 1, 20Y5
Balances, June 30, 20Y6
Dividends
Issued common stock
Net income
Net loss
Total assets
Total current assets
Total expenses
Total liabilities
Total liabilities and stockholders equity
Total property, plant, and equipment
Total stockholders equity 2. Using the Excel spreadsheet downloaded from the T Accounts panel, click the Work Sheet tab. Enter the unadjusted trial balance on the end-of-period work sheet and complete the work sheet. 3. a. Journalize the adjusting entries on page 10 of the journal. Adjusting entries are recorded on June 30. Refer to the Chart of Accounts for exact wording of account titles. 6. a. Journalize the closing entries on page 11 of the journal. Refer to the Chart of Accounts for exact wording of account titles. Be sure to add a posting reference to the journal. (Note: Complete the adjusted trial balance, the income statement, the statement of stockholders equity, and the balance sheet BEFORE completing part 6. a.) 4. Prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. 5. a. Prepare an income statement for the year ended June 30, 20Y6. If a net loss has been incurred, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. You will not need to enter colons (:) on the income statement. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. 5. b. Prepare a statement of stockholders equity for the year ended June 30, 20Y6. During the year ended June 30, 20Y6, additional common stock of $7,500 was issued. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Be sure to complete the statement heading. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. 5. c. Prepare a balance sheet as of June 30, 20Y6. Fixed assets must be entered in order according to account number. Be sure to complete the statement heading. You will not need to enter colons (:) on the balance sheet; they will automatically insert where necessary. Refer to the Chart of Accounts for exact wording of account titles. Refer to the lists of Labels and Amount Descriptions for exact wording of the answer choices for text entries other than account names. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 7. Prepare a post-closing trial balance.