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Post the journal entries to their respective ledger accounts. Prepare a trial balance based...

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Accounting

Post the journal entries to their respective ledger accounts.
Prepare a trial balance based on the balances derived after completing requirement #2.
The company presented the following adjustments and required you to preparing the adjusting entries in the
general journal (Narration required for each journal entry):
i. Insurance for the period January to December 2023 were expired during the year.
ii. Supplies on hand on December 31,2023,$77,850.
iii. Unpaid salary on December 31,2023,$1,205,000
iv. Rent not expired on December 31,2023,$240,000
v. Unearned fees on December 31,2023, $240,000.
Post the adjusting entries to their respective ledger accounts already started in requirement #2.(Do Not create
wey accounts, simply update the accounts used for requirement #2 with the adjusting entries).
Prepare the adjusted trial balance.
Prepare all three 2023 financial statements for presentation to Miss Smart
Journalize the closing entries and balance off the ledger accounts including the income summary account.
Prepare the post-closing trial balance.
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