5:40 PM Tue Oct 3 X Assets Current Assets Given below is the post-closing trial balance from the previous accounting period. The assignment is to journal the transactions and all adjusting entries and post to the ledger. Produce an adjusted trial balance, an income statement and a statement of retained earnings. Journal and post closing entries. Produce a post-closing trial balance for the current period. Property, Plant & Equipment Total Assets Cash Accounts Receivable Supplies Total Current Assets Wrasse Company Balance Sheet December 31, 2021 Equipment Accumulated Depreciation: Equipment Liabilities Current Liabilities Accounts Payable Unearned Revenue Income Tax Payable Total Current Liabilities Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity Total Liabilities and Stockholder's Equity ... A) Journalize, and Post, the following transactions B) Produce an unadjusted trial balance for the company PROJ1-23-WRASSE PDF - 437 KB 9,998 1,185 4,035 26,069 $ 29,564 3,000 595 33,159 8,813 41,972 2,676 6,054 3,138 11,868 30,104 41,972 On Jan 1st the company issued common stock valued at $9760 for cash. On Jan 6th the company purchased equipment costing $19641,paying $ 11784 in cash and the remainder on account due in 30 days. On Jan 6th the company purchased additional supplies,paying $ 337 in cash On Jan 10th the company provided services to a customer with a value of $4840 who asked to be billed. On Jan 13th the company paid this months utilty bill of $102 in cash. On Jan 13th the company paid $1305 of the outstanding accounts payable balance at the beginning of the month. On Jan 14th the company received $5336 in cash as an advance on services to be provided next month. On Jan 14th the company paid the entire balance of income taxes due to the IRS of $3138 which had been accrued in the previous month. On Jan 16th the company paid cash of $193 in dividends to it's stockholder's. On Jan 16th the company recived $1358 of cash from a customer for services rendered. On Jan 19th the company,as a gesture of goodwill, decided to pay part of the bill for the equipment purchased on Jan 6th. A payment of $3547 was issued. On Jan 22nd the company paid $1137 in cash for salaries expense to employees. On Jan 27th the company received $739 in cash from customers who had previously been billed. CHECK FIGURE DEBITS IN TRIAL BALANCE 62,631 CONTINUE ON PAGE 2 93% L6

bourkal ard bous clonins moven. M) lournalize, and Pait, the following transactions coefce ractear ceerts in thial salaver 62,631 coerce facuar NTT incoser 4,335 H) Produce a dasufies balance sheet fer the compans 0 Culculate the carrest natio. cescir figuar Toral AssrTs 58,190