The following is the adjusted trial balance for Sandeep Company.
The following is the adjusted trial balance for Sandeep Company.Sandeep CompanyAdjusted Trial BalanceDecember 31, 2013Cash8,130Accounts Receivable3,300Prepaid Expenses2,750Equipment10,400Accumulated Depreciation2,200Accounts Payable2,700Notes Payable1,000Rena Sandeep, Capital11,200Rena Sandeep, Drawing4,870Fees Earned36,600Wages Expense12,450Rent Expense4,900Utilities Expense3,475Depreciation Expense2,150Miscellaneous Expense1,275Totals53,70053,700Prepare closing entries and the post- closing trial balance.