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Seymour-Johnson Inc.

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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