The unadjusted trial balance of Launderland at November 30, 2012, the end of the cur-rent fiscal year, is shown below.

The data needed to determine year-end adjustments are as follows:a. Laundry supplies on hand at November 30 are $5,000.b. Insurance premiums expired during the year are $6,400.c. Depreciation of equipment during the year is $7,000.d. Wages accrued but not paid at November 30 are $1,500.

Instructions1. For each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as ??November 30 Bal.?? In addition, add T accounts for Wages Payable, Depreciation Expense, Laundry Supplies Expense, Insurance Expense, and Income Sum-mary.2. Optional:Enter the unadjusted trial balance on an end-of-period spreadsheet (worksheet) and complete the spreadsheet. Add the accounts listed in part (1) as needed.3. Journalize and post the adjusting entries. Identify the adjustments by ??Adj.?? and the new balances as ??Adj. Bal.??4. Prepare an adjusted trial balance.5. Prepare an income statement, a retained earnings statement, and a balance sheet.6. Journalize and post the closing entries. Identify the closing entries by ??Clos.??7. Prepare a post-closing trial balance.

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Launderland Unadjusted Trial Balance November 30, 2012 Debit Balances Credit Balances Cash 9,000 Laundry Supplies.. Prepaid Insurance. Laundry Equipment Accumulated Depreciation... Accounts Payable 20,900 9,600 290,000 150,400 11,800 Capital Stock.. Retained Earnings. 15,000 90,600 Dividends 8,400 Laundry Revenue. 232,200 Wages Expense 97,000 Rent Expense Utilities Expense Miscellaneous Expense . 40,000 19,700 5,400 500,000 500,000