Chapter 4 Completing the Accounting Cycle 213 PR 4-3A T accounts, adjusting entries, financial statements, and closing entries; optional end-of-period spreadsheet Obj. 2, 3 income: The unadjusted trial balance of Epicenter Laundry at June 30, 2018, the end of the fiscal year $10,700 follows: Epicenter Laundry Unadjusted Trial Balance June 30, 2018 Credit Balances Debit AL LEDGER Balances Cash Laundry Supplies 11,000 21,500 9,600 Prepaid Insurance Laundry Equipment Accumulated Depreciation 232600 125,400 11,800 40,000 Common Stock Retained Earnings . Dividends Laundry Revenue... Wages Expense Rent Expense. Utilities Expense Miscellaneous Expense 10,00065,600 232.200 125,200 40,000 19,700 475000 75,00 475,000 The data needed to determine year-end adjustments are as follows: Laundry supplies on hand at June 30 are $3.600. (B) Insurance premiums expired during the year are $5,700. (C) Depreciation of laundry equipment during the year is $6,500. (D) Wages accrued but not paid at June 30 are $1,100. Instructions each account listed in the unadjusted trial balance, enter the balance in a T account. Identify the balance as "June 30 Bal." In addition, add T accounts for Wages Payable, De- preciatio n Expense, Laundry Supplies Expense, Insurance Expense, and Income Summary 2. (Optional) Enter the unadjusted trial balance on an end-of-period spreadsheet and complete the spreadsheet. Add the accounts listed in part (1) as needed. 3. Journalize and post the adjusting entries. Identify the adjustments by "Adj," and the new 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. Identify the closing entries by "Clos. 7. Prepare a post-closing trial balance. balances as "Adj. Bal