The adjusted trial balance for Unser Company, owned by J. Unser, is available.

Instructions
(a) Prepare closing entries.
(b) Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.)
(c) Prepare a post-closing trial balance.
Taking It Further
Explain the standard classifications used in preparing a classified balance sheet?

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UNSER COMPANY Adjusted Trial Balance For the year ended December 31, 2017 Debit 5,300 10,800 1,500 2,000 27,000 Account Titles Credit Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation-equipment Notes payable Accounts payable Salaries payable . Unser, capital J. Unser, drawings Service revenue Advertising expense Supplies expense Depreciation expense Insurance expense Salaries expense Interest expense 5,600 15,000 6,100 2,400 13,600 7,000 61,000 8,400 4,000 5,600 3,500 28,000 $103,700 $103,700