A completed worksheet for Cedar Valley Nursery and Landscape is shown below.

INSTRUCTIONS
1. Record the balances as of December 31 in the ledger accounts.
2. Journalize (use 3 as the page number) and post the adjusting entries. Use account number 131 for Prepaid Advertising and the same account numbers for all other accounts as shown on page 186 for Wells’ Consulting Services chart of accounts.
3. Journalize (use 4 as the page number) and post the closing entries.
4. Prepare a postclosing trial balance.
Analyze: What total credits were posted to the general ledger to complete the closingentries?

Cedar Valley Nursery and Landscape Worksheet Month Ended December 3 TRIAL BALANCE AOODUNT NAME DEBT Cash Accounts Receivoble Suppbes Prepaid Advertising Equipment Accumulated Accounts Payable Scott Scott Jeremy, Drowing Fees Income Suppbes Expense 32 40 oo 60000 9.0100 60 0 c) 1500 900000 82 20 000 y Copito! 8 4000 461 800 g) 3000100 b) 1121 00 c) 150000 g Expense ment Salaries Expense Utilities Expense otals Net Income 14 40 00 18 00 00 138 000 138| 00 00 700 00 700