Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018.

Required:

1. Prepare an adjusted trial balance at September 30, 2018. Is the Retained Earnings balance of $1,500 the amount that would be reported on the balance sheet as of September 30, 2018?

2. Prepare the closing entry required at September 30, 2018.

3. Prepare a post-closing trial balance at September 30, 2018.

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$ 600 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Notes Payable (long-term) Notes Payable (short-term) $ 200 300 500 100 Prepaid Rent 900 Rent Expense 400 1,500 300 Retained Eamings 200 Salaries and Wages Expense Service Revenue Supplies Supplies Expense Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue 200 2,200 6,200 300 3,200 500 200 300 Travel Expense 100 2,600