Rio de Janeiro Company had the following adjusted trial balance.

Instructions
(a) Prepare closing entries at June 30, 2011.
(b) Prepare a post-closing trialbalance.

Transcribed Image Text:

RIO DE JANEIRO COMPANY Adjusted Trial Balance For the Month Ended June 30, 2011 Adjusted Trial Balance Debits R$ 3.712 3.904 480 Account Titles Credits Cash Accounts Receivable Supplies Accounts Payable Unearned Revenu Share Capital-Ordinary Retained Earnings Dividends Service Revenue Salaries Expense Miscellaneous Expense Supplies Expense Salaries Payable R$ 1.792 160 5,000 760 300 4.064 1.344 256 2.228 448 R$12.224 R$12.224