Enter the beginning balance in each account in your working papers from the Trial Balance columns of the worksheet (Figure 5.24 on page 180). From that worksheet,

(1) Journalize and post adjusting and closing entries

(2) Prepare from the ledger a post-closing trial balance for the month of December.

PARKHOUSE'S CLEANING SERVICE

WORKSHEET

FOR MONTH ENDED DECEMBER 31, 201X

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PARKHOUSE'S CLEANING SERVICE WORKSHEET FOR MONTH ENDED DECEMBER 31, 201X Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr Cr Dr Cr Dr. Cr. Dr Cr Dr. 40000 106000 Cr 40 000 145000 466 00 304000 (A)39000 10 60 00 (B)390007600 Prepaid Insurance Cleaning Supplies Auto Accum. Depr., Auto Accounts Payable B. Parkhouse, Capital B. Parkhouse, Withdrawals Cleaning Fees Salaries Telephone Expense 7600 304000 304000 (C)4 5000 54 000 590 99 000 59 000 18 1 00 99 000 59 000 18 1 00 115000 11 50 00 1410 00 6000 11 5 000 6900 690 690 105000 23 5 00 26000 16000 (D)3 6000 tising 60 00 60 00 Gas Expense 6000 Totals Insurance Expense Cleaning Supplies Expense Depr. Expense, Auto Salaries Payable 8 211 00 8211100 90 00 90 00 90 00 (B)3 9 000 (C)45000 90 00 (D)3 6000 159 000 15 9000 902100 Totals Net Income Totals 902100329 5 00 69 0000 572600 212 100 36050 6900 00 69oo00 572600 572600