M4 Engineering, Inc. Adjusted Trial Balance For the Year Ended December 31, 2020 Debit Account Name Cash Accounts Receivable Supplies Building Accum. Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Fees Earned Depreciation Expense Rent Expense Utility Expense Totals 15,000 10,000 750 100,000 3,000 2,000 18,000 6,200 154,950 Credit For the year ended December 31, 2020, prepare the Financial Statements, Closing Journal Entries, update the T-Accounts, and prepare the Post-Closing Trial Balance. 15,450 5,000 12,000 25,000 17,500 80,000 154,950

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Balance sheet is the statement which is prepared to depict the financial health of an entity. It is prepared on the basis of the accounting equation.