Seymour-Johnson Inc. Unadjusted Trial Balance December 31, 2018 Cash $35,572 Accounts Receivable 59,680 Cleaning Supplies 2,443 Cleaning Equipment 20,300 Accumulated Depreciation - Cleaning Equipment $3,200 Accounts Payable 2,640 Unearned Service Revenue 5,650 Common Stock 35,000 Retained Earnings 60,805 Dividends 5,000 Service Revenue 89,000 Salaries Expense 71,200 Cleaning Supplies Expense 2,100 Total $196,295 $196,295 The following information is also available: a. Ending inventory of cleaning supplies, $ 525 b. Depreciation of cleaning equipment for the period, $ 640 c. Salaries to accrue at the end of the period, $ 550 d. Service revenue still unearned at the end of the period, $ 2,150 e. Service revenue earned but not billed, $ 2,500 Requirements:
1. Prepare adjusting journal entries. Post to the ledger. 2. Prepare an adjusted trial balance. 3. Prepare the financial statements: Income Statement, Statement of Retained Earnings, and Balance Sheet. 4. Prepare the closing journal entries, and post to the ledger. Determine final balances.
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