Chart of Account ASSETS 11 Cash 12 Accounts Receivable 16 Prepaid Insurance 18 Equipment 19 Accumulated Depreciation Equipment REVENUE 41 Foes Eamed 42 Rent Revenue 43 Interest Revenue LIABILITIES 21 Accounts Payable 22 Salaries Payable 24 Income Taxes Payable EXPENSES 51 Salaries Expense 52 Selling Expense 53 Income Taxes Expense 54 Depreciation Expense-Equipment 55 Insurance Expense 59 Miscellaneous Expense EQUITY 31 Roscoe Chandler, Capital 32 Roscoe Chandler, Drawing Chandler Company Chart of Account Adjusted Trial Balance The Closing Process Adjuuled Trial Balance Chandler Company ADJUSTED TRIAL BALANCE December 31, 2018 ACCOUNT TITLE CREDIT 1 Cash DEBIT 76,000.00 29.000.00 16,000.00 60.000.00 40.000,00 2 Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Colment Accounts Payable 7 Salaries Payable Income Taxes Payable Roscoe Chandler, Capital 6.000.00 5.000.00 20,000.00 10 Moscoe Chandler Drawing 5,000.00 15 fees Eamed 175.600.00 Adjusted Trial Balance Income Taxes Payable 4,000.00 9 Roscoe Chandler, Capital 20,000.00 10 Roscoe Chandler, Drawing 5.000.00 11 Fees Earned 175,600.00 12 Rent Revenue 92,000.00 13 Interest Revenue 17,200.00 71,000.00 25,600.00 15,000.00 14 Salaries Expense 15 Selling Expense 16 Income Taxes Expense 17 Depreciation Expense-Equipment 18 Insurance Expense 19 Miscellaneous Expense 47,200.00 1 17,000.00 1,000.00 20 Totals 362,800.00 362,800.00 Post-Closing Trial Balance Chandler Company POST CLOSING TRIAL BALANCE December 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7 Accounts Receivable . 3 Prepaid Insurance 4 Equipment 5 Accumulated Depreciation Equipment 6 Accounts Payable 7 Salaries Payable 8 Income Taxes Payable 9 Roscoe Chandler, Capital 10 Totals