Use the following post-closing (i.e. beginning) trial balance to specify the beginning balances in the T-accounts on pages 3 and 4. The beginning balance for Cash is specified in the T-account already as an example. Company XYZ Post-Closing Trial Balance For the fourth quarter ended December 31, 2019 (in dollars) Debit Credit Cash 10,000 Accounts receivable 20,000 Prepaid expenses - current 1,000 Notes receivable 10,000 Buildings - net 150,000 Equipment - net 50,000 Accounts payable Wages payable Income taxes payable Unearned revenue Notes payable Long-term notes payable Common stock Retained earnings 10,000 5,000 500 10,000 50,000 100,000 50,000 15,500 Service revenue 0 Interest revenue 0 REFERENCES MAILINGS Aa - ab ay-A- 1 Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW AT AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC, AaBbCcDc Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 Paragraph 12 13 14 15 16 Common stock Retained earnings Service revenue Interest revenue Wages expense Repairs expense Utilities expense Advertising expense Total Styles T 7 Li 8 19 110 111 112 13 14 15 16 IN 17 50,000 15,500 0 0 0 0 0 0 241,000 241,000 2) Show the journal entries for the following transactions and update all associated T-accounts (see pages 3 and 4 for T-accounts). a. Company XYZ paid $2,000 for a billboard advertising a discount on snow removal. Dr. Cr. b. Company XYZ delivers $1,500 worth of snow removal services. The customer pays $500 in cash and promises to pay $1,000 in the future. ][ W 1 ES MAILINGS Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW T AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC, AaBi 1 Normal No Spac... Heading 1 Heading 2 Heading 3 Head Paragraph Styles 21 3 14 15 16 7 89 10 11 112 1 13 14 15 16 C. A customer that previously received snow removal services on account paid $1,500 in cash to Company XYZ. d. A customer with poor credit history gives Company XYZ a down payment of $400 for snow removal services to be provided in the future. e. Company XYZ provides snow removal services to a customer who had previously paid $2,000 in advance for the services. f. Company XYZ pays $600 to its employees for labor provided in a prior period. g. Company XYZ has equipment repaired, paying $100 in cash for the repair. h. Company XYZ pays $200 for utilities used in the current period. RENCES MAILINGS Paragraph Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW 4 AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC. I Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Styles 2 3 14 15 16 17 1 8 9 1 10 11 I 12 13 14 15 1 1 TTT h. Company XYZ pays $200 for utilities used in the current period. i. Company XYZ receives an interest payment of $100 for interest that accrued in the current period. Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REFERENCES MAILINGS REVIEW VIEW AT LAYOUT A A Aa E AA 1 AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC, AaBbCcDe 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 1 Normal 1 No Spac... Paragraph 1* Styles 2 15 6 7 8 1.9 10 11 12 13 14 15 16 17 Prepaid expenses- current Cash Accounts receivable 10,000 BB BB BB BB ES) Notes receivable Buildings net Equipment - net BB BB Accounts payable Wages payable Taxes payable BB BB BB OUT REFERENCES MAILINGS Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW - A Aa T ay-A 4 T AaBbCcDc AaBbCcDc AaBbCc AaBbCcL AaBbC AaBbCcDd Aa 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 Titl Paragraph 1 2 31 45 6 7 83 9 10 Accounts payable BB T 11 12 1 13 Styles 14 E 15 16 E 17 1 18 1 Wages payable BB Unearned revenue Notes payable BB BB Taxes payable Long-term notes payable BB BB AGE LAYOUT AA REFERENCES 4 MAILINGS Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW Aa T x A-ab-A- F AaBbCcDc AaBbCcDc AaBbCc AaBbCcL AaBbC, AaBbCcDd Aa Heading 4 Title 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 nt ATES) Paragraph 2 3 4 5 6 8 Common stock - par F Styles 9 I 10 F 11 12 13 14 15 16 17 18 19 Retained earnings BB BB Service revenue Interest revenue Wages expense BB BB BB Repairs expense Utilities expense Advertising expense BB BB BB REFERENCES MAILINGS Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW Aa AE. EAT AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC, AaBbCcL ay A 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Heading Paragraph 1 2 3 14 15 7 8 Styles 10 11 12 13 14 1 15 16 17 3) Use your T-accounts from 2) to create an unadjusted trial balance. Company XYZ Unadjusted Trial Balance For quarter ended March 31, 2020 (in dollars) Cash Accounts receivable Prepaid expenses - current Notes receivable Buildings - net Equipment - net Accounts payable Wages payable Income taxes payable Unearned revenue Notes payable Long-term notes payable Common stock - par Common stock - APIC Retained earnings Debit Credit JCES MAILINGS Paragraph Extra Credit Ch2&Ch3 - Word (Product Activation Failed) REVIEW VIEW AaBbCcDc AaBbCcDc AaBbCc AaBbCcE AaBbC, AaBbCcDd 1 Normal 1 No Spac... Heading 1 Heading 2 Heading 3 Heading 4 2 3 14 15 16 17 8 Cash Accounts receivable Prepaid expenses - current Notes receivable Buildings - net Equipment - net Accounts payable Wages payable Income taxes payable Unearned revenue Notes payable Long-term notes payable Common stock - par Common stock - APIC Retained earnings Service revenue Interest revenue Wages expense Repairs expense Utilities expense Advertising expense Total x W LO 10 11 12 13 Debit # Styles 14 15 16 17 1 Credit