Roth Company ended its fiscal year on July 31, 2014. The company€™s adjusted trial balance as of the end of its fiscal year is as shown below.

Instructions
(a) Prepare the closing entries using page J15.
(b) Post to Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.)
(c) Prepare a post-closing trial balance at July31.

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Roth Company Adjusted Trial Balance July 31, 2014 No. Account Titles Debits Credits 10 Cash 112 Accounts Receivable 157 Equipment 167 Accumulated Depreciation-Equip. 20 Accounts Payable 208 Uncarned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 404 Service Revenue 429 Rent Revenuc $ 9,840 8,140 15,900 S 5,400 2,220 3,800 18,000 20,260 12,000 64,000 6,500 7 Depreciation Expense 720 Salaries and Wages Expense 732 Utilities Expense 3,700 55,700 14,900 S120,180 $120,180