The Following Is the Adjusted Trial Balance as of December

question 116

Essay

The following is the adjusted trial balance as of December 31, 2019 of Hawkins Dental Lab, Inc.:
$\begin{array}{|l|c|c|}\hline \text { Accounts } & \text { Debit } & \text { Credit } \\\hline \text { Cash } & \$ 14,000 & \\\hline \text { Accounts Receivable } & 10,000 & \\\hline \text { Prepaid Insurance } & 9,000 & \\\hline \text { Office Supplies } & 6,200 & \\\hline \text { Land } & 25,000 & \\\hline \text { Building } & 100,000 & \\\hline \text { Accumulated Depreciation-Building } & & \$ 42,000 \\\hline \text { Equipment } & 120,000 & \\\hline \text { Accumulated Depreciation-Equipment } & & 75,000 \\\hline \text { Accounts Payable } & & 40,000 \\\hline \text { Salaries Payable } & & 4,000 \\\hline \text { Unearned Revenue } & & 5,000 \\\hline \text { Mortgage Payable } & & 70,000 \\\hline \text { Common Stock } & & 20,000 \\\hline \text { Dividends } & 17,500 & \\\hline \text { Service Revenue } & & 235,000 \\\hline \text { Salaries Expense } & 96,000 & \\\hline \text { Depreciation Expense-Building and Equipment } & 16,300 & \\\hline \text { Supplies Expense } & 43,000 & \\\hline \text { Insurance Expense } & 18,500 & \\\hline \text { Utilities Expense } & 16,000 & \\\hline \text { Total } & \$ 491,500 & \$ 491,500 \\\hline\end{array}$ Prepare the closing entries. Omit explanation.

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Definitions:

Zone of Proximal Development

A concept in education and psychology referring to the difference between what a learner can do without help and what they can achieve with guidance.

Challenging Tasks

Tasks or activities that require significant effort and skill beyond current capabilities, promoting learning and development.

Sensitive Periods

Specific times during early childhood development when the human brain is particularly receptive to acquiring certain skills or knowledge.

Irreversibility

A cognitive stage in early childhood development when children cannot understand that certain actions or processes can be undone or reversed to return to their original state.