Trial Balance 88 Adjusted Trial Balance Adjustments Dr. Cr. Account Titles Dr. Cr. Dr. Cr. 1,200 1,200 1,160 180 980 (A) (B) 176 80 96 3,340 3,340 540 (C) 350 890 384 384 167 167 220 220 Cash Prepaid Insurance Cleaning Supplies Auto Accum. Depr. Auto Accounts Payable B. Purdle, Capital B. Purdle, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense Gas Expense Totals Insurance Expense Cleaning Supplies Expense Depr. Expense, Auto Salaries Payable 6,970 6,970 (D) 1,390 ) 75 1,465 90 90 305 305 180 180 8,061 8,061 180 180 (A) (B) (C) 80 80 350 350 75 75 (D) 685 Totals 685 8,486 8,486 Net Income Purdle's Cleaning Service Worksheet (Partial) For Month Ended December 31, 2018 Trial Balance Adjustments Dr. Cr. Dr. Cr. Adjusted Trial Balance Dr. Cr. 1,200 1,200 Account Titles Cash Prepaid Insurance Cleaning Supplies 1,160 180 980 (A) (B) 176 BO 96 Auto 3,340 3,340 540 (C) 350 890 384 384 167 167 220 220 Accum. Depr., Auto Accounts Payable B. Purdle, Capital B. Purdle, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense Gas Expense 6,970 6,970 (D) 1,390 75 1,465 90 90 305 305 180 180 8,061 8,061 180 180 Totals Insurance Expense Cleaning Supplies Expense Dans un (A) (B) 80 80 HA 20 BA Purdle's Cleaning Service Worksheet (Continued) For Month Ended December 31, 201X Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. 1,200 980 96 3,340 890 384 Cash Prepaid Insurance Cleaning Supplies Auto Accum. Depr. Auto Accounts Payable B. Purdle, Capital I B. Purdle, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense Gas Expense 167 220 6,970 1,465 90 305 180 180 Insurance Expense Cleaning Supplies Expense Depr. Expense Auto 80 350 Account Titles Dr. Cr. Dr. Cr. Cash 1,200 980 96 3,340 890 384 167 Prepaid Insurance Cleaning Supplies Auto Accum. Depr. Auto Accounts Payable B. Purdle, Capital B. Purdle, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense Gas Expense 220 6,970 1,465 90 305 180 180 80 Insurance Expense Cleaning Supplies Expense Depr. Expense Auto Salaries Payable Totals 350 75 6,970 5,836 2,650 4,320 1,516 4.320 Net Income Totals 6,970 6,970 5,836 5,836 Journal Entry Date Account Titles PR Dr. Cr. 2017 Dec. Journalize adjustment B. Journal Entry Date Account Titles PR Dr. Cr. 2018 Dec. Journalize adjustment C. Journal Entry Date Account Titles PR Dr. Cr. 2017 Dec Innlitant Journal Entry Date Account Titles PR Dr. Cr. 201X Dec. Now journalize the closing entries. Begin by closing out the revenue account. Journal Entry Date Account Titles PR Dr. Cr. 2017 Dec. Close out the expense accounts. Journal Entry Account Titles Date PR Dr. Cr. 201X Dec. Journal Entry Date Account Titles PR Dr. Cr. 2017 Dec. Close out Income Summary Journal Entry Account Titles Date PR Dr. Cr. 2018 Dec. Close out the Withdrawals account. Journal Entry Date Account Titles PR Dr. Cr. 201X Dec. Close out the Withdrawals account. Journal Entry Account Titles Date PR Dr. Cr. 2018 Dec. ast the adictine and inninn an Consider the following worksheet for Purdle's Cleaning Service. Review the adjusting and closing entries you prepared above. Cash Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2018 Bal. 1,200 Dec. Prepaid Insurance Account No. Post. Date Balance Debit Credit Explanation Ref. Debit Credit 2017 Bal. 1,160 Dec. Cleaning Supplies Post. Explanation Ref. Account No. Balance Debit Credit Date Debit Credit 2017 Bal. 176 Dec Consider the following worksheet for Purdle's Cleaning Service. Auto Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Bal. 3,340 Dec. Accumulated Depreciation, Auto Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Bal 540 Dec. Accounts Payable Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 384 Dec. Salaries Payable Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Dec. BB From the worksheet, (1) journalize and post adjusting and closing entries and (2) prepare from the ledger a post-closing trial balance B. Purdle, Capital Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 201X Bal 167 Dec. B. Purdie, Withdrawals Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Bal Dec. 220 Income Summary Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Dec. Cleaning Fees Account No. Post. Ref. Balance Debit Credit Date Explanation Debit Credit 2018 Bal. 6,970 Dec Salaries Expense Account No. Balance Post. Ref. Date Explanation Debit Credit Debit Credit 201X Bal. 1,390 Dec. Telephone Expense Account No. Post. Balance Debit Credit Date Explanation Ref. Debit Credit 2017 Bal. 90 Dec. Advertising Expense Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Bal. 305 Dec. Gas Expense Account No. Post. Balance Date Explanation Ref. Debit Credit Credit Debit 201X Bal. 180 Dec. Insurance Expense Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Dec. Cleaning Supplies Expense Post. Account No. Balance Debit Credit Date Explanation Ref. Debit Credit 2017 Dec Depreciation Expense, Auto Account No. Post. Balance Depreciation Expense, Auto Account No. Post. Balance Date Explanation Ref. Debit Credit Debit Credit 2017 Dec. (2) Prepare a post-closing trial balance for the month of December Review the general ledger. Purdle's Cleaning Service Post-Closing Trial Balance December 31, 201X Account Titles Debit Credit Totals