Question: A completed worksheet for The King Group is given below The King Group Workaheet Month Ended December 31, 2019 Adjusted TrialIncomBalance Sheet Trial Balance Adjustmencs
A completed worksheet for The King Group is given below The King Group Workaheet Month Ended December 31, 2019 Adjusted TrialIncomBalance Sheet Trial Balance Adjustmencs Balance Statement Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation Debit Credit Debit Credit Debit Credit Debit Credit 91,900 11, 500 5,000 91, 900 11, 500 3,100 17,500 47,500 91, 900 ?1,500 3, 100 17,s00 47,500 /// (a) i,900 (b)2,500 20,00O 47,500 (c) 1,900 -Equipment Accounts Payable Delva King, Capital Delva King. Drawing Fees Income supplie?Expense Advertiaing Expense Depreciation Expense 11, 500 127,000 1,900 11, 500 127,000 1, 900 11, 500 127,000 7,900 7,900 7.900 60, 750 60, 750 60,750 (a) 1, 900 (b)2,500 1.900 2, 500 1,900 2, 500 (c) 1,900 -Equipment Salaries Expense Ueilities Expense Totals Net Income ,900 13, 900 1,550 6, 300 201,150 201.150 21,750 60,750 179,400 140,400 13,900 1,550 13,900 ,550 199,250 199,250 6, 300 39, 000 60,750 60,750 179,400 179,400 Required: 1. Record the adjusting entries in the general journal (transactions 1-3) 2 Record the closing entries in the general journal (transactions 4-7) 3. Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. 4. Prepare a post-closing trial balance. Analyze: How many accounts are listed in the adjusted and post-closing trial balance section? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Analyze
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