Williams Gold Highlight created at $1$:$45$ PM on $2/21/25$Mechanic Services prepared the following work sheet for the year ended March $31,20--.$ Details Partial Work Sheet for Williams Mechanic Services shows the Trial Balance, Adjustments, and Adjusted Trial Balance sections. Each section has two columns $-$ Debit and Credit. All values are in dollars. The items listed in the Debit column of the Trial Balance are: Cash: $6,500\mathrm{.}00$ Accounts Receivable: $1,250\mathrm{.}00$ Supplies: $415\mathrm{.}00$ Prepaid Insurance: $2,175\mathrm{.}00$ Equipment: $3,500\mathrm{.}00$ Truck: $18,300\mathrm{.}00$ J$.$ Williams, Drawing: $3,000\mathrm{.}00$ Salary Expense: $1,200\mathrm{.}00$ Advertising Expense: $600\mathrm{.}00$ Truck Operating Expense: $250\mathrm{.}00$ Utilities Expense: $600\mathrm{.}00$ Miscellaneous Expense: $150\mathrm{.}00($followed by single underscore$)$ The total of the Debit column $($double underlined$)$ is shown as $$37,940\mathrm{.}00.$ The items listed in the Credit column of the Trial Balance are: Accumulated Depreciation, Equipment: $1,200\mathrm{.}00$ Accumulated Depreciation, Truck: $4,000\mathrm{.}00$ Accounts Payable: $800\mathrm{.}00$ J$.$ Williams Capital: $16,940\mathrm{.}00$ Fees earned:$15,000\mathrm{.}00($followed by single underscore$)$ The total of the Credit Column $($double underlined$)$ is shown as $$37,940\mathrm{.}00.$ The items listed in the Debit column of Adjustments are: Salary Expense $($d$)$: $125\mathrm{.}00$ Insurance Expense $($a$)$: $175\mathrm{.}00$ Depreciation Expense, Equipment $($b$)$: $75\mathrm{.}00$ Depreciation Expense, Truck $($c$)$: $300\mathrm{.}00$ Supplies Expense $($e$)$: $200\mathrm{.}00($followed by single underscore$)$ The total of the Debit column of Adjustments $($double underlined$)$ is $875\mathrm{.}00.$ The items listed in the Credit column of Adjustments are: Supplies $($e$)$: $200\mathrm{.}00$ Prepaid Insurance $($a$)$: $175\mathrm{.}00$ Accumulated Depreciation, Equipment $($b$)$: $75\mathrm{.}00$ Accumulated Depreciation, Truck $($c$)$: $300\mathrm{.}00$ Salaries Payable $($d$)$: $125\mathrm{.}00($followed by single underscore$)$ The total of the Credit column of Adjustments $($double underlined$)$ is $875\mathrm{.}00.$ The items listed in the Debit column of the Adjusted Trial Balance are given below. Cash: $6,500\mathrm{.}00$ Accounts Receivable: $1,250\mathrm{.}00$ Supplies: $215\mathrm{.}00$ Prepaid Insurance: $2,000\mathrm{.}00$ Equipment: $3,500\mathrm{.}00$ Truck: $18,300\mathrm{.}00$ J$.$ Williams, Drawing: $3,000\mathrm{.}00$ Salary Expense: $1,325\mathrm{.}00$ Advertising Expense: $600\mathrm{.}00$ Truck Operating Expense: $250\mathrm{.}00$ Utilities Expense: $600\mathrm{.}00$ Miscellaneous Expense: $150\mathrm{.}00$ Insurance Expense: $175\mathrm{.}00$ Depreciation Expense, Equipment: $75\mathrm{.}00$ Depreciation Expense, Truck: $300\mathrm{.}00$ Supplies Expense: $200\mathrm{.}00($followed by single underscore$)$ The total of the Debit column $($double underlined$)$ is shown as $$38,440\mathrm{.}00$ The items listed in the Credit column of the Adjusted Trial Balance are given below. Accumulated Depreciation, Equipment: $1,275\mathrm{.}00$ Accumulated Depreciation, Truck: $4,300\mathrm{.}00$ Accounts Payable: $800\mathrm{.}00$ J$.$ Williams, Capital: $16,940\mathrm{.}00$ Fees earned: $15,000\mathrm{.}00$ Salaries Payable: $125\mathrm{.}00($followed by single underscore$)$ The total of the Credit column $($double underlined$)$ is shown as $$38,440\mathrm{.}00.$ Required

Complete the work sheet. $($Skip this step if using CLGL$.)$

Prepare an income statement.

Prepare a statement of owner$$s equity. Assume that there was an additional investment of $$5,000$ on March $13.$

Prepare a balance sheet.

Journalize the closing entries using the four steps in the correct sequence.

Prepare a post$-$closing trial balance.

Check Figure Post$-$closing trial balance total, $$31,765$