Sherlock Locksmiths, Inc. has the following adjusted trial balance for the year ended December 31, 2022.

Required

a. Journalize and post the necessary closing entries. Omit explanations.

b. Prepare a post-closing trial balance as of December 31.

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Account Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Sherlock Locksmiths, Inc. Adjusted Trial Balance At December 31, 2022 Accounts Payable Deferred Service Revenue Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Wage Expense Utilities Expense Debit $1,734,900 778,000 250,000 130,000 360,000 12,000 1,276,000 89,200 Credit $ 28,000 1,275,000 39,600 280,000 60,000 320,000 1,200,000 0 2,160,000