Avalon Amusement Park has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.
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Instructions
(a) Prepare a complete worksheet.
(b) Prepare a classified balance sheet. (: $15,000 of the mortgage note payable is due for payment in the next fiscal year.)
(c) Journalize the adjusting entries using the worksheet as a basis.
(d) Journalize the closing entries using the worksheet as a basis.
(e) Prepare a post-closing trialbalance.

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AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2014 Adjusted Trial Balance Trial Balance Cr Cash Supplies Prepaid Insurance Land Equipment Accumulated Depreciation-Equip Accounts Payable Unearned Ticket Revenue Mortgage Payable Owner's Capital Owner's Drawings Ticket Revenue Salaries and Wages Expense Maintenance and Repairs Expense Advertising Expense Utilities Expense Property Tax Expense Interest Expense 41,400 18,600 31,900 80,000 120,000 41,400 2,200 10,900 80,000 120,000 36,200 14,600 3,700 50,000 109,700 42,200 14,600 1,000 50,000 109,700 14,000 14,000 277,500 280,200 105,000 30,500 9,400 16,900 18,000 6,000 491,700 105,000 30,500 9,400 16,900 21,000 10,000 Totals 491,700 Insurance Expense Supplies Expense Interest Payable Depreciation Expense Property Taxes Payable 21,000 16,400 6,000 504,700 4,000 3,000 504,700 Totals