Show me the steps to solve c$.$ Post to the ledger accounts. B&B$\text{'}$s chart of accounts includes Prepaid Advertising, Interest Receiv$-$

able, Service Revenue, Interest Revenue, Advertising Expense, Depreciation Expense, Supplies

Expense, Salaries and Wages Expense, and Rent Expense.

d$.$ Prepare a trial balance at August $31.$

e$.$ Journalize and post adjusting entries.

f$.$ Prepare an adjusted trial balance.

g$.$ Prepare an income statement and a retained earnings statement for August and a classified state$-$

ment of financial position at August $31.$

f$.$ Cash $$2,020$

Tot. adj. trial balance $$32,580$

g$.$ Net loss $$530$

h$.$ Journalize and post closing entries and complete the closing process.

i$.$ Prepare a post$-$closing trial balance at August $31.$

ACR$4\mathrm{.}3$ On August $1,2025,$ the following were the account balances of B&B Repair Services.

During August, the following summary transactions were completed.

Aug. $1$ Paid $$400$ cash for advertising in local newspapers. Advertising flyers will be included with

newspapers delivered during August and September.

$3$ Paid August rent $$380.$

$5$ Received $$1,200$ cash from customers in payment on account.

$10$ Paid $$3,120$ for salaries due employees, of which $$1,700$ is for August and $$1,420$ is for July

salaries payable.

$12$ Received $$2,800$ cash for services performed in August.

$15$ Purchased store equipment on account $$2,000.$

$20$ Paid creditors $$2,000$ of accounts payable due.

$22$ Purchased supplies on account $$800.$

$25$ Paid $$2,900$ cash for employees' salaries.

$27$ Billed customers $$3,760$ for services performed.

$29$ Received $$780$ from customers for services to be performed in the future.

Adjustment data:

A count shows supplies on hand of $$960.$

Accrued but unpaid employees' salaries are $$1,540.$

Depreciation on equipment for the month is $$320.$

Services were performed to satisfy $$800$ of unearned service revenue.

One month's worth of advertising services has been received.

One month of interest revenue related to the $$4,000$ note receivable has accrued. The $4-$month note

has a $6\%$ annual interest rate. $($Hint: Use the formula from Illustration $3\mathrm{.}18$ to compute interest.$)$

Instructions

a$.$ Enter the August $1$ balances in the ledg

I$\text{'}$m new to account so I really have no idea what i am seeing even with the template answer above. please help me$!4-54$ CHAPTER $4$ Completing the Accounting Cycle

f$.$ Tot. adj. trial balance

$31,960$

g$.$ Tot. assets $24,730$

Journalize transactions and follow

through accounting cycle to

preparation of financial statements.

Instructions

a$.$ Journalize the March transactions.

b$.$ Post to the ledger accounts. $($Use T$-$accounts.$)$

c$.$ Prepare a trial balance at March $31.$

d$.$ Journalize the following adjustments.

Services performed but unbilled and uncollected at March $31$ were $200.$

Depreciation on equipment for the month was $250.$

One$-$sixth of the insurance expired.

An inventory count shoys $280$ of cleaning supplies on hand at March $31.$

Accrued but unpaid employee salaries were $1,080.$

One month of the prepaid rent has expired.

One month of interest expense related to the note payable has accrued and will be paid April $1.$

$($Hint: Use the formula from Illustration $3\mathrm{.}18$ to compute interest.$)$

e$.$ Post adjusting entries to the T$-$accounts.

f$.$ Prepare ad adjusted trial balance.

g$.$ Prepate the income statement and a retained earnings statement for March and a classified state$-$

mont of financial position at March $31.$

h Journalize and post closing entries and complete the closing process.

i$.$ Prepare a post$-$closing trial balance at March $31.$

ACR$4\mathrm{.}3$ On August $1,2025,$ the following were the account balances of B&B Repair Services.

During August, the following summary transactions were completed.

Aug. $1$ Paid $$400$ cash for advertising in local newspapers. Advertising flyers will be included with

newspapers delivered during August and September.

$3$ Paid August rent $$380.$

$5$ Received $$1,200$ cash from customers in payment on account.

$10$ Paid $$3,120$ for salaries due employees, of which $$1,700$ is for August and $$1,420$ is for July

salaries payable.

only $4\mathrm{.}3$ question