The unadjised trial balance of Epicenter Laundry at 30th June,the end of the current fiscal year is shown below:
The unadjusted trial balance of Epicenter Laundry at 30th June ,the end of the current fiscal year is shown below: Beginning Balances Debit Credit Cash $ 11,000.00 Laundry Supplies $ 21,500.00 Prepaid Insurance $ 9,600.00 Laundry Equipment $ 2,32,600.00 Accumulated Depreciation $ 1,25,400.00 Accounts Payable $ 11,800.00 Sophie Perez, capital $ 1,05,600.00 Sophie Perez, Drawings $ 10,000.00 Laundry Revenue $ 2,32,200.00 Wages Expense $ 1,25,200.00 Rent Expense $ 40,000.00 Utilities Expense $ 19,700.00 Miscellaneous Expense $ 5,400.00 Total $ 4,75,000.00 $ 4,75,000.00 The data need to determine year end adjustments are as follows:- a) Laundry Supplies on hand at june 30th, are $3600. b) Insurance premium expired during the year are $5700. c) Depreciation of Laundry Equipment during the year is $6500. d) Wages accrued but not paid at June 30th are $1100. Requirements:- 1) Adjusting Entries 2) T-Accounts 3) Worksheet 4) Adjusted Trial balance 5) Income Statement 6) Statement of stockholder's equity 7) Balance Sheet 8) Post closing entries 9) Post closing trial balance.