A B C D E G H M In this example, we are going to complete the accounting cycle. This requires the completion of the worksheet (which we will not be completing in this example but I have supplied one so you can take a look at how it looks like). Additionally, there's an example of the worksheet in your textbook Directions: 1. Study the Adjusted TB and the worksheet under the "Worksheet - Info Only" tab. 2. Prepare the financial statements using the information on the worksheet OR the adjusted trial balance. Remember the income Statement is prepared first, then the Statement of Owner's Equity, and the finally the Balance Sheet. (NOTE: make sure your assets equal liabilities plus owner's equity.) 3. Finally, complete the closing entries using the worksheet of the adjusted trial balance and prepare the post-closing trial balance NOTE: ONLY THE LAST TWO TABS ARE GRADEDI (Financial Statements and Closing JE & Post-Closing TB) w . PSM Endered heat (Wertheat) For the Month dedy, 2018 UUTT WWW WINES D C UR HE 1155 6 4110 Atle 1400 4110 10 HE 2710 100 ce LE 24 2.500 OW 25 24 7.100 2471 10 7,500 COLE TE 309 200 CDE OM 303 Aumero 10 Arte 600 Wapes Payable 1,600 Land Rover 3,000 Car P. 71,700 Ft Depreciation pense 1200 Aft 11. Account Cash Acoustic Supplies Price oncept Wigs Urar Srith, ini, Dwing fontane Durationen ince Wie Oosten i Hent per te pe MER Advertising Sulit Map Total 5,150 OD DOO 9.00 1400 OSE 09 00 000 12 13 14 15 26 17 18 19 29 000 1.750 1110 1210 130 100 21,200 31,700 203 200 203 275 SEE www 200 225 1.400 2.5 SZE OVE 340 009 2.800 2310 12 2010 11 SET SET HET 22 23 24 Www Orice Mertens ED Usponse Mbps Advertising 1215 215 SCT OLYE OOST 1,215 2610 1,500 925 1.855 567,053 547.951 1010 1.500 925 180 1610 1.500 925 1.555 42,958 745 27 Mpen S 40,750 4750 57 GT 16 SE 21,100 26.01 IT UNSEE ince 4141 28,753 4,142 26.095 21,200 21.200 25.09 Jx D E H P Clausuranties D Credit PSM Pest Centude 31.2013 DIME 9.945 2150 275 2.475 2.500 Music Asted in W3120 A ca Account cevable Supplier Prepaid insurance Omice Accmited Depreciation of fant Accounts Wages Poble Unandi PSC Sel Drawing Fees and Depreciation Insurance Waombo Orice Rent Events Utilities per Music Adverting perse Supplier Ms. En Total 203 350 100 1600 3.000 2.0 To 21.100 203 235 1.400 2.550 1 123 3610 1.500 Directions 1. Prepare the closing entries for the month ended uly 31, 2015 2. Prepare the post-closing The wouly 31, 2019 13 543353542.951 M20 0 PSM PSM Inst Far Modely 10 PIM my the Modelos NOTE a Presentanti sote to the month andey 1, 2013