This is all one question
these are the spreed sheets to help with the problem
Chapter 4 The following is an unadjusted trial balance (before any adjustments have been made) for Garcia, Inc. at December 31 of the current year: Debit Credit 42,000 11,600 900 800 19,000 9,200 8,300 Account Titles Cash Accounts Receivable Supplies Prepaid Insurance Service Vehicles Accumulated Depreciation Other Assets Accounts Payable Wages Payable Income Taxes Payable Note Payable (3 years) Common Stock (5,000 shares outstanding) Additional Paid-in-Capital Retained Earnings Service Revenue Remaining Expenses Income Tax Expense Totals 3,000 17,000 400 19,000 6,000 61,360 33,360 115,960 115,960 Additional information not yet recorded: a) The supplies count at year-end reflected $300 remaining supplies on hand (unused). b) Insurance expired during the year: $800. c) Depreciation expense for the year: $3,700. d) Wages earned by employees not yet paid at year-end: $640. e) Income tax expense incurred but unpaid at year-end: $5,540. Required 1. Record the adjusting entries listed above, post to general ledger accounts, and prepare an adjusted trial balance. 2. Compare your balances with those on the given income statement, retained earnings statement, and balance sheet for December 31. 3. Record closing entries for the year, post to general ledger accounts, and prepare a post-closing trial balance. Credit Debit 42,000 Balance 42.000 Credit Debit 11,600 Balance 11,600 Debit 800 Credit Balance 800 Credit Debit 900 Balance 900 Debit Credit Balance 19,000 19.000 Debit Credit 9,200 Balance 9,200 Debit 8,300 Credit Balance 300 Debit Credit 3.000 Balance 3,000 Debat Credit Balance General Ledger Accounts Cash Date Description 31-Dec Unadjusted Balance Accounts Receivable Date Description 31-Dec Unadjusted Balance Prepaid Insurance Date Description 31-Dec Unadjusted Balance Supplies Date Description 31-De Unadjusted Balance Service Vehicles Date Description 31-Des Unadjusted Balance Accumulated Depreciation Date Description 31-Dec Unadjusted Balance Other Assets Date Description 31-Dec Unadjusted Balance Accounts Payable Date Description 31-Des Unadjusted Balance Income Taxes Payable Date Description Wages Payable Date Description Note Payable (3 years) Date Description 31-Dec Unadjusted Balance Common Stock Date Description 31-Dec Unadjusted Balance Additional Paid-in-Capital Dale Description 31-Dec Unadjusted Balance Retained Earnings Dune Description 31-Dec Unadjusted Balance Service Revenue Dang Description 31-Des Unadated Balance Remaining Expenses Date Description 31. Des Unadjusted Balance Income Tax Expense Date 31-De Unadjusted Balance Supplies Expense Dale Description 31-Dec adjated Balance Insurance Expense Dane Description 31.De Unadjusted Balance Depreciation Expense Description 1.De Unadute Balance Wages Kapense Date 31. nadsted Balance Debit Credit Balance Debit Credit 17.000 Balance 17.000 Debit Credit 400 Debit Credit Balance 19.000 Debit Credi 6.000 6.000 Deba Credit 61.360 61 160 Dehit 33360 Det Crede Dahil Debit Credit Adjusted Trial Balance Account Cash Accounts Receivable Prepaid Insurance Supplies Service Vehicles Accumulated Depreciation Other Assets Accounts Payable Income Taxes Payable Wages Payable Note Payable Common Stock Additional Paid-in-Capital Retained Earnings Service Revenue Remaining Expense Income Tax Expense Supplies Expense Depreciation Expense Wages Expense Insurance Expense Financial Statements Income Statement Retained Earnings Statement Beginning RE Add: Net Income Less: Dividends Ending RE $6,000 16,720 0 $22,720 Revenues: $61,360 Expenses: Supplies (600) Deprecia (3,700) Wages E (640) Insuranc (800) Remaini (33,360) Total E (39,100) Operating II 22,260 Income 7 (5,540) Net Income $16,720 Assets Current Assets Cash $42,000 Accoun 11,600 Supplie 300 Total $53,900 PPE Vehicle $19,000 Less: (12,900) Total$6,100 Other As $8,300 Total As S68,300 $3,000 640 5,540 $9,180 Balance Sheet Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Wages Payable Income Taxes Payable Total Current Liabilities Long-Term Liabilities Note Payable Total Liabilities Stockholders' Equity Common Stock APIC Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $17,000 $26,180 $400 19,000 22,720 S42,120 S68,300 General Journal - Closing Date Account Title/Explanation Debit Credit Debit Credit Chapter 4 In-Class Case Post-Closing Trial Balance Account Cash Accounts Receivable Prepaid Insurance Supplies Service Vehicles Accumulated Depreciation Other Assets Accounts Payable Income Taxes Payable Wages Payable Note Payable Common Stock Additional Paid-in-Capital Retained Earnings
