Use the adjusted trial balance below Adjusted Trial Balance Account Title Debit Credit Cash 26,000 Accounts Receivable 3,300 Prepaid Insurance 6,600 Supplies 1,200 Land 42,300 Equipment 5,700 Accumulated Depreciation Equipment 5,500 Accounts Payable 5,300 Owner, Capital 73,900 Owner, Drawing 3,200 Service Fees 20,000 Wages Expense 8,500 Supplies Expense 2,100 Utilities Expense 200 Insurance Expense 100 Depreciation Expense Equipment 5,500 104,700 104,700 a For each account, open a T account, title the account, and place its balance in it Cash fill in the blank 2a61a3083f81fb6 1 Accounts Receivable fill in the blank 2a61a3083f81fb6 2 Prepaid Insurance fill in the blank 2a61a3083f81fb6 3 Supplies fill in the blank 2a61a3083f81fb6 4 Land fill in the blank 2a61a3083f81fb6 5 Equipment fill in the blank 2a61a3083f81fb6 6 Accum Depr Equip fill in the blank 2a61a3083f81fb6 7 Accounts Payable fill in the blank 2a61a3083f81fb6 8 b Prepare closing entries in general journal format Omit explanations If an amount box does not require an entry, leave it blank Page 1 DATE DESCRIPTION POST REF DEBIT CREDIT 1 Closing Entries 1 2 a fill in the blank 76c7b808f030f91 2 fill in the blank 76c7b808f030f91 3 2 3 fill in the blank 76c7b808f030f91 5 fill in the blank 76c7b808f030f91 6 3 4 b fill in the blank 76c7b808f030f91 8 fill in the blank 76c7b808f030f91 9 4 5 fill in the blank 76c7b808f030f91 11 fill in the blank 76c7b808f030f91 12 5 6 fill in the blank 76c7b808f030f91 14 fill in the blank 76c7b808f030f91 15 6 7 fill in the blank 76c7b808f030f91 17 fill in the blank 76c7b808f030f91 18 7 8 fill in the blank 76c7b808f030f91 20 fill in the blank 76c7b808f030f91 21 8 9 fill in the blank 76c7b808f030f91 23 fill in the blank 76c7b808f030f91 24 9 10 c fill in the blank 76c7b808f030f91 26 fill in the blank 76c7b808f030f91 27 10 11 fill in the blank 76c7b808f030f91 29 fill in the blank 76c7b808f030f91 30 11 12 d fill in the blank 76c7b808f030f91 32 fill in the blank 76c7b808f030f91 33 12 13 fill in the blank 76c7b808f030f91 35 fill in the blank 76c7b808f030f91 36 13 c Post closing entries to the T accounts Give each entry a reference letter Owner, Capital fill in the blank a2c4b8f4a00bfc6 2 fill in the blank a2c4b8f4a00bfc6 3 fill in the blank a2c4b8f4a00bfc6 5 Owner, Drawing fill in the blank a2c4b8f4a00bfc6 6 fill in the blank a2c4b8f4a00bfc6 8 Service Fees fill in the blank a2c4b8f4a00bfc6 10 fill in the blank a2c4b8f4a00bfc6 11 Wages Expense fill in the blank a2c4b8f4a00bfc6 12 fill in the blank a2c4b8f4a00bfc6 14 Supplies Expense fill in the blank a2c4b8f4a00bfc6 15 fill in the blank a2c4b8f4a00bfc6 17 Utilities Expense fill in the blank a2c4b8f4a00bfc6 18 fill in the blank a2c4b8f4a00bfc6 20 Insurance Expense fill in the blank a2c4b8f4a00bfc6 21 fill in the blank a2c4b8f4a00bfc6 23 Depr Exp Equip fill in the blank a2c4b8f4a00bfc6 24 fill in the blank a2c4b8f4a00bfc6 26 Income Summary fill in the blank a2c4b8f4a00bfc6 28 fill in the blank a2c4b8f4a00bfc6 30 fill in the blank a2c4b8f4a00bfc6 32 d Prepare a post closing trial balance Post Closing Trial Balance Account Title Debit Credit Cash fill in the blank 344f27fc3fad04d 1 fill in the blank 344f27fc3fad04d 2 Accounts Receivable fill in the blank 344f27fc3fad04d 3 fill in the blank 344f27fc3fad04d 4 Prepaid Insurance fill in the blank 344f27fc3fad04d 5 fill in the blank 344f27fc3fad04d 6 Supplies fill in the blank 344f27fc3fad04d 7 fill in the blank 344f27fc3fad04d 8 Land fill in the blank 344f27fc3fad04d 9 fill in the blank 344f27fc3fad04d 10 Equipment fill in the blank 344f27fc3fad04d 11 fill in the blank 344f27fc3fad04d 12 Accumulated Depreciation Equipment fill in the blank 344f27fc3fad04d 13 fill in the blank 344f27fc3fad04d 14 Accounts Payable fill in the blank 344f27fc3fad04d 15 fill in the blank 344f27fc3fad04d 16 Owner, Capital fill in the blank 344f27fc3fad04d 17 fill in the blank 344f27fc3fad04d 18 Total $fill in the blank 344f27fc3fad04d 19 $fill in the blank 344f27fc3fad04d 20

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Use the adjusted trial balance below. Adjusted Trial Balance Account Title Debit Credit Cash 26,000 Accounts Receivable 3,300 Prepaid Insurance 6,600 Supplies 1,200 Land 42,300

Use the adjusted trial balance below.

Adjusted Trial Balance
Account Title	Debit	Credit
Cash	26,000
Accounts Receivable	3,300
Prepaid Insurance	6,600
Supplies	1,200
Land	42,300
Equipment	5,700
Accumulated Depreciation-Equipment		5,500
Accounts Payable		5,300
Owner, Capital		73,900
Owner, Drawing	3,200
Service Fees		20,000
Wages Expense	8,500
Supplies Expense	2,100
Utilities Expense	200
Insurance Expense	100
Depreciation Expense-Equipment	5,500
	104,700	104,700

a. For each account, open a T account, title the account, and place its balance in it.

Cash
	fill in the blank 2a61a3083f81fb6_1

Accounts Receivable
	fill in the blank 2a61a3083f81fb6_2

Prepaid Insurance
	fill in the blank 2a61a3083f81fb6_3

Supplies
	fill in the blank 2a61a3083f81fb6_4

Land
	fill in the blank 2a61a3083f81fb6_5

Equipment
	fill in the blank 2a61a3083f81fb6_6

Accum. Depr.-Equip.
			fill in the blank 2a61a3083f81fb6_7

Accounts Payable
			fill in the blank 2a61a3083f81fb6_8

b. Prepare closing entries in general journal format. Omit explanations. If an amount box does not require an entry, leave it blank.

Page: 1
	DATE	DESCRIPTION	DEBIT	CREDIT
1		Closing Entries			1
2	a.		fill in the blank 76c7b808f030f91_2	fill in the blank 76c7b808f030f91_3	2
3			fill in the blank 76c7b808f030f91_5	fill in the blank 76c7b808f030f91_6	3
4	b.		fill in the blank 76c7b808f030f91_8	fill in the blank 76c7b808f030f91_9	4
5			fill in the blank 76c7b808f030f91_11	fill in the blank 76c7b808f030f91_12	5
6			fill in the blank 76c7b808f030f91_14	fill in the blank 76c7b808f030f91_15	6
7			fill in the blank 76c7b808f030f91_17	fill in the blank 76c7b808f030f91_18	7
8			fill in the blank 76c7b808f030f91_20	fill in the blank 76c7b808f030f91_21	8
9			fill in the blank 76c7b808f030f91_23	fill in the blank 76c7b808f030f91_24	9
10	c.		fill in the blank 76c7b808f030f91_26	fill in the blank 76c7b808f030f91_27	10
11			fill in the blank 76c7b808f030f91_29	fill in the blank 76c7b808f030f91_30	11
12	d.		fill in the blank 76c7b808f030f91_32	fill in the blank 76c7b808f030f91_33	12
13			fill in the blank 76c7b808f030f91_35	fill in the blank 76c7b808f030f91_36	13

c. Post closing entries to the T accounts. Give each entry a reference letter.

Owner, Capital
	fill in the blank a2c4b8f4a00bfc6_2		fill in the blank a2c4b8f4a00bfc6_3
			fill in the blank a2c4b8f4a00bfc6_5

Owner, Drawing
	fill in the blank a2c4b8f4a00bfc6_6		fill in the blank a2c4b8f4a00bfc6_8

Service Fees
	fill in the blank a2c4b8f4a00bfc6_10		fill in the blank a2c4b8f4a00bfc6_11

Wages Expense
	fill in the blank a2c4b8f4a00bfc6_12		fill in the blank a2c4b8f4a00bfc6_14

Supplies Expense
	fill in the blank a2c4b8f4a00bfc6_15		fill in the blank a2c4b8f4a00bfc6_17

Utilities Expense
	fill in the blank a2c4b8f4a00bfc6_18		fill in the blank a2c4b8f4a00bfc6_20

Insurance Expense
	fill in the blank a2c4b8f4a00bfc6_21		fill in the blank a2c4b8f4a00bfc6_23

Depr. Exp.-Equip.
	fill in the blank a2c4b8f4a00bfc6_24		fill in the blank a2c4b8f4a00bfc6_26

Income Summary
	fill in the blank a2c4b8f4a00bfc6_28		fill in the blank a2c4b8f4a00bfc6_30
	fill in the blank a2c4b8f4a00bfc6_32

d. Prepare a post-closing trial balance.



Post-Closing Trial Balance
Account Title	Debit	Credit
Cash	fill in the blank 344f27fc3fad04d_1	fill in the blank 344f27fc3fad04d_2
Accounts Receivable	fill in the blank 344f27fc3fad04d_3	fill in the blank 344f27fc3fad04d_4
Prepaid Insurance	fill in the blank 344f27fc3fad04d_5	fill in the blank 344f27fc3fad04d_6
Supplies	fill in the blank 344f27fc3fad04d_7	fill in the blank 344f27fc3fad04d_8
Land	fill in the blank 344f27fc3fad04d_9	fill in the blank 344f27fc3fad04d_10
Equipment	fill in the blank 344f27fc3fad04d_11	fill in the blank 344f27fc3fad04d_12
Accumulated Depreciation-Equipment	fill in the blank 344f27fc3fad04d_13	fill in the blank 344f27fc3fad04d_14
Accounts Payable	fill in the blank 344f27fc3fad04d_15	fill in the blank 344f27fc3fad04d_16
Owner, Capital	fill in the blank 344f27fc3fad04d_17	fill in the blank 344f27fc3fad04d_18
Total	$fill in the blank 344f27fc3fad04d_19	$fill in the blank 344f27fc3fad04d_20