Wildhorse Management Services began business on January 1, 2022. The company manages condominiums for owners (service revenue). The trial balance and adjusted trial balance columns of the worksheet at the end of the first year are as follows. Wildhorse Management Services Worksheet For the Year Ended December 31, 2022 Trial Balance Adjusted Trial Balance Dr. Cr. Dr. Cr. Cash 13,900 13,900 Accounts Receivable 28,100 28,100 Prepaid Insurance 3,852 2,652 Equipment 254,100 254,100 Accounts Payable 139,500 139,500 Owner's Capital 145,052 145,052 Owner's Drawings 21,500 21,500 Service Revenue 118,200 118,200 Advertising Expense 20,700 20,700 Salaries and Wages Expense 41,500 41,500 Utilities Expense 19,100 19,100 Totals 402,752 402,752 Insurance Expense 1,200 Depreciation Expense 6,800 Accumulated Depreciation-Equipment 6,800 Totals 409,552 409,552 Worksheet Adjustments Adjusted Trial Balance Trial Balance Dr. Cr. Account Titles Dr. Cr. Dr. Cash 13,900 Accounts Receivable 28,100 Prepaid Insurance 3,852 Equipment 254,100 Accounts Payable 139,500 Owner's Capital 145,052 Owner's Drawings 21,500 Service Revenue 118,200 Advertising Expense 20,700 Salaries and Wages Expense 41,500 Utilities Expense 19,100 Totals 402,752 402,752 402,752 Insurance Expense Depr. Expense Accum. Depr.-Equipment Totals Net Income Totals Journalize the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (Adjusting entry for insurance expense) Dec. 31 (Adjusting entry for depreciation expense) Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue accounts) Dec. 31 (To close expense accounts) Dec. 31 (To close net income) Dec. 31 (To close drawings) Prepare a post-closing trial balance. WILDHORSE MANAGEMENT SERVICES Post-Closing Trial Balance Debit Credit $ $ Totals $ $