Enter the beginning balance in each account in your working papers from the Trial Balance columns of the worksheet (Figure 5.26 on page 182). From the worksheet,
(1) Journalize and post adjusting and closing entries
(2) Prepare from the ledger a post-closing trial balance at the end of July.
POTTER'S CLEANING SERVICE
WORKSHEET
FOR MONTH ENDED JULY 31, 201X

POTTER'S CLEANING SERVICE WORKSHEET FOR MONTH ENDED JULY 31, 201X Trial Balance Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. 13 00 00 6 10 00 Cr Dr Cr Dr Cr Dr. Cr Cr 1300 0 130000 Prepaid Insurance Cleaning Supplies Auto Accumulated Depreciation, Auto Accounts Payable B. Potter, Capital B. Potter, Withdrawals Cleaning Fees Salaries Expense Telephone Expense Advertising Expense 11 00 (B) 4400 2 8 4000 81410100 8410100 610 1060 8400 5800 10 6000 8400 5800 5 0 00 550 00 5 0 00 529000 52 9000 10 5000 11 000 19600 21000 1 24 000 110 00 196 00 210 00 124000 110 00 196 00 21000 Totals 704200 704 200 21000 44 00 45000 21000 44 00 45000 urance Expense ns Cleaning Supplies Expense Depreciation Expense, Auto Salaries Payable (B) 4400 190 00 894 00 7 682 00 76 8200 2 4 6000 529 000 5 22 20023192/00 28 3000 00 5 22 200 52 2 2 00 (D)19000 89400 Totals Net Income Totals 81310100 5 29000 512