A partially completed worksheet for Nationwide Auto Detailing Service, a firm that details cars and vans, follows on page 178.
INSTRUCTIONS
1. Record balances as of December 31 in the ledger accounts.
2. Prepare the worksheet.
3. Journalize (use 3 as the journal page number) and post the adjusting entries. Use account number 131 for Prepaid Advertising and the same account numbers for all other accounts shown on page 186 for Wells' Consulting Services chart of accounts.
4. Journalize (use 4 as the journal page number) and post the closing entries.
5. Prepare a postclosing trial balance.

Analyze:
What total debits were posted to the general ledger to complete all closing entries for the month of December?

Transcribed Image Text:

ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANGE SHEET CREDIT DEBIT CRECIT 92 4 0000 92400 00 2000 00 600100 12 000 00 360 0 00 211000 00 21 0 00 00 60 000 00 2400 00 12 000 00 132 000 00 기400100 00000 7 132 000 00 840 0 00 8 400 00 750 00 00 75 000 00 2400100 3000 00 24 00 00 14400 00 24 00 00 3000 00 24 0 0 00 14 4 00 00 50000 0024000 00 12 13 221 40 0 00 221 40000 75000 00 19기400100 46 400 00 18 51 000 00 17 974 75000 00 197 400 00 000 18 Nationwide Auto Detailing Service Month Ended December 31, 2013 OJUSTMENTS AGCOUNT NAME Cash (a) 1161010100 (b)1 400 00 480 0 5 00000 35 500 00 Richard Harris, Capital 30 000 00 ) 160 00 6) 1400 s Depreciation Expense-Equipment 480 00 3 48000 0 500 00 3 480 00