Refer to the work sheet for Juanita's Consulting in Problem 6-7B. The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers. If you are not using the working papers that accompany this book, set up ledger accounts and enter these balances as of June 30, 20--. A chart of accounts is provided below.

REQUIRED
1. Journalize (page 10) and post the adjusting entries.
2. Journalize (page 11) and post the closing entries.
3. Prepare a post-closing trialbalance.

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Juanita's Consulting Chart of Accounts Assets Revenues 401 Consulting Fees 101 Cash 122 Accounts Receivable 141 Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accum. Depr.-Office Equip. Expenses 511 Wages Expense 512 Advertising Expense 521 Rent Expense 523 Supplies Expense 525 Telephone Expense 533 Electricity Expense 535 Insurance Expense 538 Gas and Oil Expense 541 Liabilities 202 Accounts Payable 219 Wages Payable Owner's Equity 311 Juanita Alvarez, Capital 312 Juanita Alvarez, Drawing 313 Income Summary Depr. Exp.-Office Equip. Miscellaneous Expense 549