Question: C Question 5 (Compulsory Question) (12 marks) The adjusted trial balance of Dalas Company as of December 31, 2018 follows: Dalas Company Adjusted Trial Balance

C Question 5 (Compulsory Question) (12 marks) The adjusted trial balance

C Question 5 (Compulsory Question) (12 marks) The adjusted trial balance of Dalas Company as of December 31, 2018 follows: Dalas Company Adjusted Trial Balance December 31, 2018 Debit Credit Cash 9,000 Prepaid insurance 3,000 Equipment 19.000 Accumulated depreciation-Equipment.. 3,400 Salaries payable 3,000 Unearned service revenue 2.200 Common Stock 13,400 Dividends. 5.000 Service Revenue 30.000 Salaries expense... 11,000 Depreciation expense 2.000 Insurance expense....... 3,000 Totals.. 52.000 52.000 Required: A. Prepare the closing entries for Dalas Company (5 Marks). B. Compute the ending balance of Retained Earnings (after closing the entries) (1 mark). C. Prepare a post-closing trial balance at December 31, 2018 (3 Marks). . D. Present the Assets section in Classified Balance Sheet as on December 31, 2018 [3 Marks) [End of Questions)

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