prepare the post closing jojurnal entries

JADE'S COMPANY
INCOME STATEMENT
FOR THE PERIOD ENDING FEBRUARY 28, 2022
REVENUES
	Service Revenues						257,350
Total Revenue							257,350
EXPENSES
	Insurance Expense						32,000
	Salaries Expense						126,500
	Miscellaneous Expense						56,900
Total Expense							215,400
Net Income

JADE'S COMPANY
ADJUSTED TRAIL BALANCE
FOR THE MONTH ENDING FEBRUARY 28, 2022
				DEBIT			CREDIT
Cash				54,650
Accounts Receivable				28,750
Prepaid Insurance				8,000
Land				22,000
Accounts Payable							14,300
Salaries Payable							4,250
Common Stock							50,000
Retained Earnings							38,900
Dividends				36,000
Service Revenue							257,350
Insurance Expense				32,000
Salaries Expense				126,500
Miscellaneous Expense				56,900
				364,800			364,800