Refer to the Practice Set data provided in Chapters F:2 and F:3 for Crystal Clear Cleaning.

Requirements
1. Prepare a worksheet (optional) at November 30, 2024. Use the unadjusted trial balance from Chapter F:2 and the adjusting entries from Chapter F:3.
2. Prepare an income statement and statement of owner’s equity for the month ended November 30, 2024. Also prepare a classified balance sheet at November 30, 2024, using the report format. Assume the Notes Payable is long-term. Use the worksheet prepared in Requirement 1 or the adjusted trial balance from Chapter F:3.
3. Prepare closing entries at November 30, 2024, and post to the accounts. Open T-accounts for Income Summary and Hideaway, Capital. Determine the ending balance in each account. Denote each closing amount as Clos. and each account balance as Balance.
4. Prepare a post-closing trial balance at November 30, 2024.

Transcribed Image Text:

CRYSTAL CLEAR CLEANING Unadjusted Trial Balance November 30, 2024 Account Title Cash Accounts Receivable Cleaning Supplies Prepaid Rent Prepaid Insurance Equipment Truck Accounts Payable Unearned Revenue Notes Payable Hideaway, Capital Hideaway, Withdrawals Service Revenue Salaries Expense Advertising Expense Utilities Expense Total Balance Debit $51,650 4,000 320 4,000 4,800 5,400 3,000 1,400 400 200 175 $75,345 Credit $ 1,245 15,000 36,000 18,000 5,100 $75,345