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Please prepare the Following on the loose leaf: a. Closing-out entries for One Stop Law Firm LLP for the Fiscal Year Ended December 31, 2019 1. (10%) b. Statement of Owner's Equity and Post-Closed Trial Balance (5 %). One Stop Law Firm LLP Adjusted T rial Balance For the Year Ended December 31, 2019 Credit Debit Account No. Account Titles 5,300 101 Cash 10,800 112 Accounts Receivable 1,500 126 Supplies 2,000 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation-Equipment 27,000 5,600 15,000 200 Notes Payable 6,100 201 Accounts Payable 3,600 212 Salaries and Wages Payable 230 Interest Payable 301 Owner's Capital 306 Owner's Drawings 600 13,000 7,600 61,000 400 Service Revenue 9,000 610 Advertising Expense 631 Supplies Expense preciation Expense 722 Insurance Expense 4,000 5,600 711 3,500 28,000 726 Salaries and Wages Expense 600 905 Interest Expense 104,900 $ 104,900 $ Totals
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