Question: I need the answer key for these posted please Set B Consider the data in Figure 25 for Deb' Dance Studior B-1. data L01,2 (40
I need the answer key for these posted please Set B Consider the data in Figure 25 for Deb' Dance Studior B-1. data L01,2 (40 DEB'S DANCE STUDIO TRIAL BALANCE APRIL 30, 201x FIGURE 25 Trial Balance for Deb's Account Titles Cash Accounts Receivable Prepaid Insurance Dance Supplies Dance Equipment Accumulated Depreciation, Dance Equipment Accounts Payable D. Draper, Capital D. Draper, Withdrawals Dance Fees Earned Salaries Expense Telephone Expense Advertising Expense Dr. Cr 62 000 00 3 00000 700 00 200000 19000 00 Check Figure: Net Income $11,700 46 10000 1870000 160000 10000 40000 Totals 9050000 90 50000 Adjustment Data a. Insurance expired, $500. b. Dance supplies on hand, $400. c Depreciation on dance equipment, $1,200. d. Salaries earned by employees but not due to be paid until May, $600. Your task is to do the following: 1. Prepare a worksheet. 2. Journalize adjusting and closing entries. in each account in your working papers B-2. Enter the beginnhe columns or adiusting and closing entries and Enter the beginning balance in each account in from the Trial Balamalie and post elon trial balance at the end of July gure 26). Fr losing enthendouly. Post-Ciom rom the worksheet, (1) journaldaer a Check Figur Post-Closin
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