The unadjusted trial balance of RAS Agencies, Inc. at April 30, 2013, follows. The company prepares adjusting entries on a monthly basis. Other data: a. Suppliers on hand at April 30 total $980. b. Paid $2,640 for 12-month insurance policy on January 1. c. $2,900 of unearned service revenue has been earned at the end of the month. d. Salaries of $1,250 are accrued at April 30. e. The office equipment cost $18,000 has a 5-year useful life. Record the month's depreciation. f. Accrued service revenue as of April 30 was $3,000. g. Depreciation on computers, $1,000. Record the month's depreciation. h. Borrowed $8,000 by signing a 12-month, 9% note payable. i. On March 1, an office was rented for three months and $1,800 was paid in advance. Required: 1- Journalize the adjusting entries. 2- Prepare the adjusted trial balance. 3- Prepare the income statement, the statement of retained earnings, and the balance sheet. 4- Journalize the closing entries 1/2 5- Prepare the after-closing trial balance The unadjusted trial balance of RAS Agencies, Inc. at April 30, 2013, follows. The company prepares adjusting entries on a monthly basis. Other data: a. Suppliers on hand at April 30 total $980. b. Paid $2,640 for 12-month insurance policy on January 1. c. $2,900 of unearned service revenue has been earned at the end of the month. d. Salaries of $1,250 are accrued at April 30. e. The office equipment cost $18,000 has a 5-year useful life. Record the month's depreciation. f. Accrued service revenue as of April 30 was $3,000. g. Depreciation on computers, $1,000. Record the month's depreciation. h. Borrowed $8,000 by signing a 12-month, 9% note payable. i. On March 1, an office was rented for three months and $1,800 was paid in advance. Required: 1- Journalize the adjusting entries. 2- Prepare the adjusted trial balance. 3- Prepare the income statement, the statement of retained earnings, and the balance sheet. 4- Journalize the closing entries 1/2 5- Prepare the after-closing trial balance