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Prepare closing entries

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Question - Prepare closing entries and perform post-closing trial balance (Post-closing trial balance) Balance test without adjustments (adjusted trial balance)

Account Balance

Accounts receivable 119,000

Prepaid insurance 20,500

Supplies 3,850

Cash 145,450

Equipment 35,000

Accounts payable 45,000

Notes payable 42,800

Unearned fee revenue 45,000

Juan del Pueblo, capital 69,000

Juan del Pueblo, drawings 20,000

Fee earned 835,000

Utilities expense 24,500

Salary expense 620,000

Advertising expense 3,500

Rent expense 45,000

Reference no: EM132853612

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