219 Chapter 4 Completing the Accounting Cycle Obj. 2, 3 PR 4-4B Ledger accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet The unadjusted trial balance follows: income: $46,150 of Recessive Interiors at January 31, 2018, the end of the year S. Net Unadjusted Trial Balance 31, 2018 ENERAL 4EDGER Cash 13,100 13 14 8,000 7.500 Prepaid Insurance... Equipment Accumulated Depreciation-Equipment.... Trucks. Accumulated Depreciation-Trucks. Accounts Payable.... Common Stock 17 18 19 21 31 113,000 12,000 90,00027,100 4,500 30,000 96,400 Retained Earnings Dividends 3,000 Service Revenue..-... 155,000 51 52 53 S9 7,600 5,350 Truck Expense iscellaneous Expense.... 325,000 The data needed to determine year-end adjustments are as follows: Supplies on hand at January 31 are $2850. (B) Insurance premiums expired during the year are $3,150 IC) Depreciation of equipment during the year is 5191ST 3/17 19/17 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. Record the closing entries on Page 27 of the journal. (Income Summary is account 34 in the chart of accounts.) Indicate closed accounts by inserting a line in both Balance columns opposite the closing entry. 7. Prepare a post-closing trial balance