A partially completed worksheet for At Home Pet Care Service, a firm that grooms pets at the owner’s home, follows.

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 in Mini-Practice Set 1 for Eli’s 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:

1 Cash 2 Accounts Receivable 3 Supplies 4 Prepaid Advertising ACCOUNT NAME 5 Equipment 6 Accumulated Depreciation-Equipment 7 Accounts Payable 8 Larry Sims, Capital 9 Larry Sims, Drawing Fees Income 10 11 Salaries Expense 12 Utilities Expense 13 Supplies Expense 14 Advertising Expense 15 Depreciation Expense-Equipment 16 Totals 17 18 19 At Home Pet Care Service Worksheet Month Ended December 31, 20X1 TRIAL BALANCE DEBIT 64 100 00 10 900 00 12 000 00 8 000 00 000 00 42 600 0 00 11 600 00 160000 156 20000 CREDIT 12 000 00 91 0 0 0 00 53 20000 156 20 000 (a) (b) (c) DEBIT ADJUSTMENTS 4 200 00 380000 00 9160 00 CREDIT (a) 420000 (b) 380000 (c) 1160 00 9160 00