The Trial Balance for Jaya Sentrycon at December 31, 2019 are as follows:
| Account Tittle | Trial Balance | |
| Dr | Cr | |
| Cash | 45.000 | |
| Accounts Receivable | 15.000 | |
| Roofing Supplies | 12.000 | |
| Equipment | 75.000 | |
| Accumulated Depreciation-Equipment | 10.000 | |
| Accounts Payable | 15.000 | |
| Unearned Revenue | 4.500 | |
| Share Capital | 87.500 | |
| Dividend | 8.000 | |
| Service Revenue | 55.000 | |
| Salaries Expense | 12.300 | |
| Miscellaneous Expense | 4.700 | |
| Total | 172.000 | 172.000 |
Other data:
1. Physical counts remains only $ 3.600,- of roofing supplies on hand
2. Depreciations for December 31, 2019 is $ 1.200,-
3. Unearned revenue amounted to $ 900,- at December 31, 2019
4. Accrued salaries are $ 2.550,-
5. Account Receivable has not been recorded $ 3.950,-
Instructions:
a. Journalize the adjusting entries!
b. Enter the trial balance on a worksheet and complete the worksheet!
c. Prepare an Income Statement and Retained EarningStatement for the month of December 2019 and the Financial Position Statement at December 31, 2019. Jaya Sentrycon did not make any additional investments in the business in December.
d. Journalize the closing entries!
e. Prepare the Post Closing Trial Balance at December 31, 2019!
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