Enter the beginning balance in each account in your working papers from the Trial Balance columns of the worksheet (Figure). From that worksheet,

(1) Journalize and post adjusting and closing entries
(2) Prepare from the ledger a post-closing trial balance for the month ofJanuary.

Transcribed Image Text:

PALMER CLEANING SERVICE WORKSHEET FOR MONTH ENDED JANUARY 31, 201x Trial Balance Cr. Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr Dr Cash Prepaid Insurance Cleaning Supplies 11의00 A26000 B2460 2 1210b Accounts Payable B. Palmer, Capital B. Palmer, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense Gas Expense 5 0 8 8 0 2 Insurance Expense (A26000 리60100 2 2 es Expense Salaries Payable 141600 141600 05500 805500 Net Income