Question: completed worksheet for The King Group is given below. The King Group Worksheet Month Ended December 31, 2019 Adjusted Trial Income Balance Sheet Statement Trial
completed worksheet for The King Group is given below. The King Group Worksheet Month Ended December 31, 2019 Adjusted Trial Income Balance Sheet Statement Trial Balance Adjustments Balance bi t Credit Debit Credit 93,200 12, 800 93,200 12,800 7, 600 30,400 80,000 93,200 12,800 (a) 3,200 4,400 (b) 3,800 26,600 80,000 Accounts Receivable Supplies Prepaid Advertising Equipment Accumulated Depreciation 26, 600 80,000 3,200 12, 800 140,000 (c) 3,200 12,800 140,000 Accounts Payable 12,800 140,000 Capital Delva King, Drawing Fees Income Supplies Expense Advertising 2 9, 200 0 97,800 97,800 (a) 3,200 (b) 3, 800 (c) 3,200 3, 800 3,200 15, 200 2,200 Depreciation Expense Equipment Salaries Expense 15,200 Utilities Expense 2,200 Totals Net Income 3,200 15,200 2.200 250, 600 250, 600 10.20010.200 253,800 253,900 27,600 97,800 226,200 156,000 70,200 70,200 97,800 97,800 226,200 226,200 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 be 4. Prepare a post-closing trial balance
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