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Problem:1 The account balances appearing on the trial balance (below) were taken from the general ledger of Irick's Copy Shop at September 30. Additional information for the month of September which has not yet been recorded in the accounts is as follows: (a) A physical count of supplies indicates $150 on hand at September 30. (b) The amount of insurance that expired in the month of September was $100. (c) Depreciation on equipment for September was $200. (d) Rent owed on the copy shop for the month of September was $300 but will not be paid until October. Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation on Equipment Accounts Payable Notes Payable Irick, Capital Irick, Drawing Copy Revenue Utilities Expense Instructions: Using the above information write the adjusting entries $500 550 1,100 12,000 2,250 1,200 2,000 7,650 1,200 2,450 200 Adjusting Entries 1 2 3 4 Problem:2 At March 31, 2019, account balances after adjustments for Maddux Cinema are as follows: Accounts Balances $ 18,000 12,000 1,50,000 36,000 15,000 20,000 36,000 1,80,000 1,11,000 57,000 Cash..... Concession supplies. Theatre equipment. Accumulated depreciation-theatre equipment Accounts payable N. Maddux, capital N. Maddux, drawings Admission ticket revenues Popcorn revenues Candy revenues. Advertising expense... Concession supplies expense Depreciation expense Film rental expense Rent expense.. Salaries expense.. Utilities expense. Instructions a. Prepare the closing journal entries for Maddux Cinema. (5 marks) b. Prepare a post-closing trial balance. (5 marks) 36,000 57,000 12,000 48,000 36,000 39,000 15,000

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