Task #4 OF THE Using the adjusted trial balance below: (a) (b) 0 Prepare an income statement, statement of owner's equity and classified balance sheet. Prepare the closing entries Post to Capital and the Income Summary accounts Prepare a post-closing trial balance Jon's D.J. ON DEMAND Adjusted Trial Balance For the Month Ended July 31, 2022 Account Titles Dr. Cr. Cash 44,630 Accounts Receivable 1,600 Equipment 10,600 Accum. Depreciation 1,590 Accounts Payable 530 Unearned Rent Revenue 2,700 Capital 32,200 Withdrawals 200 Service Revenue 54,740 Rent Revenue 2,740 Depreciation Expense 290 Salaries Expense 32,800 Utility Expense 4.380 94,500 94,500 Task # 4 (cont'd) Revenues Expenses Jon's DJ. ON DEMAND Income Statement For the Month Ended July 31, 2022 Total revenues Total expenses Net Income (Loss) Jon's D.J. ON DEMAND Statement of Owner's Equity For the Month Ended July 31, 2022 Capital, June 30, 2022 Add: Less: Capital, July 31, 2022 Current assets Jon's DJ. ON DEMAND Balance Sheet July 31, 2022 Assets Total current assets Property, plant and equipment Total Property, plant and equipment Total assets Liabilities and Owner's Equity Current liabilities Total current liabilities Owner's equity Total liabilities and owner's equity (b) Date July 31 July 31 July 31 July 31 General Journal Account Titles (Explanation NOT required) Debit Credit (c) Capital Date : Explanation Ref. Debit Credit No. 320 Balance Jul 31 Balance 32,200 Closing Entry 315 Closing Entry J15 Income Summary Date Explanation Jul 31 Closing Entry Closing Entry Closing Entry No. 350 Ref. Debit Credit Balance 315 J15 315 (d) Jon's D.J. UN DEMAND Post-Closing Trial Balance For the Month Ended July 31, 2022 Debit Credit