Heritage Company offers legal consulting advice to death-row inmates. Heritage Company prepared the following trial balance at April 30, 2006, the end of the current fiscal year:

The data needed to determine year-end adjustments are as follows:
a. Accrued fees revenue at April 30 are $2,800.
b. Insurance expired during the year is $450.
c. Supplies on hand at April 30 are $650.
d. Depreciation of building for the year is $1,620.
e. Depreciation of equipment for the year is $3,500.
f. Accrued salaries and wages at April 30 are $1,800.
g. Unearned rent at April 30 is $1,500.

Instructions
1. Prepare the adjusting entries.
2. Based upon (1), prepare an adjusted trial balance.
3. Prepare an income statement for the year ended April 30, 2006.
4. Prepare a retained earnings statement for the year ended April 30, 2006.
5. Prepare a classified balance sheet as of April 30, 2006.
6. Prepare the closing entries.
7. Prepare a post-closing trialbalance.

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Heritage Company Trial Balance April 30, 2006 Debit Balances 3,200 10,500 1,800 1,350 50,000 136,500 Credit Balances Cash Accounts Receivable Prepaid insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Capital Stock Retained Earnings Dividends Fees Revenue Salaries and Wages Expense Advertising Expense Utilities Expense Repairs Expense Miscellaneous Expense 50,700 92,700 36,300 6,500 3,000 50,000 162,500 10,000 191,000 96,200 63,200 18,000 12,500 4,050 500,000 500,000