Below Is an Alphabetical List of Accounts of Master Cleaners

question 7

Essay

Below is an alphabetical list of accounts of Master Cleaners as of December 31, after all adjusting entries have been posted.
Instructions:
$\begin{array}{lr}\text { Accounts Payable } & \$ 2,700 \\\text { Accumulated Depreciation, Equipment } & 2,800 \\\text { Cash } & 2,600 \\\text { Depreciation Expense, Equipment } & 700 \\\text { E. Hess, Capital } & 6,200 \\\text { E. Hess, Drawing } & 7,000 \\\text { Equipment } & 12,300 \\\text { Income from Services } & 29,800 \\\text { Income Summary } &\\\text { Insurance Expense } & 1,600 \\\text { Miscellaneous Expense } & 300 \\\text { Frepaid Insurance } & 200 \\\text { Rent Expense } & 2,400 \\\text { Advertising Expense } & 900 \\\text { Utilities Expense } & 800 \\\text { Wages Expense } & 3,700\end{array}$
1. Journalize the four closing entries in the proper order.
2. Record the account balances in t-accounts for owner's equity, revenue, and expense accounts. Post the closing entries in these t-accounts using number 1 through 4.
3. Prepare a post-closing trial balance.

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Definitions:

Obsessive-Compulsive Personality Disorder

A mental health condition characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control at the expense of flexibility and efficiency.

Thorazine

A brand name for chlorpromazine, a medication commonly used to treat psychotic disorders such as schizophrenia.

Uncontrollable Movements

Involuntary bodily movements that can result from various neurological or medical conditions, significantly affecting daily functioning.

Bizarre Movements

Unusual or strange physical movements that are often involuntary, seen in certain neurological or psychiatric conditions.