White Pearl Company, an electronics repair store, prepared the following trial balance at the end

of its first accounting period:

White Pearl Company
Trial Balance
April 30, 2016
Unadjusted Trial Balance
Particulars
Dr Cr
Cash 5,500  
Account Receivable 10,500  
Marketable Securities 3,000  
Note Receivable 5,500  
Supplies 4,790  
Interest Receivable 5,000  
Prepaid Insurance 2,499  
Prepaid Rent 3,750  
Inventory 10,000  
Equipment 47,000  
Building 188,525  
Accumulated Depreciation-Equipment   18,500
Accumulated Depreciation-Building   52,000
Account Payable   4,775
Note Payable   18,525
Tax Payable   15,200
Unearned Fee   4,315
Interest Payable   6,060
Oscar Daly, Capital   171,255
Oscar Daly, Drawing 3,951  
Fees Earned   10,440
Sales   22,250
Wages Expense 10,750  
Salaries Expenses 3,073  
Rent Expense 5,000  
Sales Return 2,005  
Utilities Expense 9,500  
Miscellaneous Expense 2,965  
Total 323,320 323,320

For preparing the adjusting entries, the following data were assembled:
 Interest revenue accrued, Rs. 2,000
 Insurance expires at the rate of Rs. 833 per month.
 Interest of Rs. 605 on the notes payable has accrued during April.
 A physical count reveals only Rs. 2480 of supplies on hand.
 The closing balance of prepaid rent on April 30 was Rs. 2,500
 Fees earned but unbilled on April 30 were Rs.2,700
  Monthly depreciation on the equipment is Rs. 5000.
 Unpaid salaries accrued on April 30 were Rs. 1,000
 The balance in unearned fees represented the April 1 receipt in advance for services to be
provided. The closing balance of unearned fee on 30th April was Rs. 2,000

Instructions:
1. Journalize the adjusting entries necessary on April 30, 2016.
2. Prepare the Adjusted Trial Balance on April 30, 2016.
3. Prepare Income statement
4. Journalize the necessary closing entries
5. Prepare post-closing Trial balance