Muse Daycare Centre (MDC) has been providing daycare services to its local com-munity for several years. MDC€™s year-end is on December 31. The unadjusted trial balance on December 31, 2013 was as follows:

Additional information about several transactions that occurred during the year:
a. Several parents did not pay the fee for the last week of daycare. These parents would pay $1,400 (which included $700 owed in December) in the first week of January.
b. A physical count of art supplies showed that there was $1,500 of art supplies on hand on December 31. The balance of Art Supplies Expense, $4,800 on December 31, represents art supplies purchased during the year.
c. The balance of Prepaid Rent represents the 4 months of rent paid on November 1.
d. Playground Equipment was estimated to last for 10 years, with a salvage value of $4,000 at the end of 10th year. No adjustment was made in 2013.
e. Three daycare workers each earned $80/day. Seven days of wages were earned by employees, but not paid on December 31.
f. Half of the unearned revenue was earned in December.
g. The utilities expense for December was estimated at $480. The utility bill usually arrived during the first week of the following month.
h. MDC€™s income tax rate was 30%.
Requirements
Using the adjusted trial balance from P3-8B, prepare the closing entries for 2013 and the post-closing trial balance in the worksheet.

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Muse Daycare Centre Worksheet For Year Ended December 31, 2013 UNADJUSTED ADJUSTED ADJUSTMENTS I TRIAL BALANCE DR TRIAL BALANCE ACCT # | ACCOUNT 1010 Cash 1020 Accounts Receivable 1030 Art Supplies 1035 Prepaid Rent 1040 Playground Equipment 1041 Accumulated Depreciation, Playground Equipment 2010 Accounts Payable 2015 Salary Payable 2020 Unearned Daycare Revenue 2030 Income Tax Payable 3010 Common Shares 3030 Retained Earnings 3040 Dividends 4010 Daycare Revenue 5010 Salary Expense 5015 Rent Expense 5030 Utilities Expense 5040 Depreciation Expense, Playground Equipment 5050 Art Supplies Expense 5060 Income Tax Expense DR CR CR DR CR S 6,200 2,700 3,200 3,600 43,000 S 7800 2,450 2,100 25,000 10,500 5,000 95,000 60,000 9,000 5,350 4,800 Total $142,850 $142,850