The adjusted trial balance for Denver Architects, Inc., follows.

a. Prepare an income statement.
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b. Prepare a statement of retained earnings.

c. Prepare a classified balance sheet.

d. Prepare the closing journal entries.

e. Show the post-closing trial balance assuming you had posted the closing entries to the general ledger

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Cash. Accounts Receivable Interest Receivable DENVER ARCHITECTS, INC. Adjusted Trial Balance December 31, 1999 Debits $ 90,000 20,000 200 4,000 Credits Notes Receivable.. Prepaid Insurance 960 Prepaid Rent. 2,400 Supplies on Hand 600 Equipment 60,000 Accumulated Depreciation-Equipment $ 12,500 Buildings Accumulated Depreciation-Buildings. Land. 140,000 15,000 56,240 60,000 10,000 750 Accounts Payable Notes Payable. Interest Payable Salaries Payable 7,000 Capital Stock 100,000 Retained Earnings, January 1, 1999 20,200 Dividends 40,000 Service Revenue 360,000 Insurance Expense 1,920 Rent Expense 9,600 Advertising Expense 1,200 Depreciation Expense-Equipment 2,500 Depreciation Expense-Buildings. 3,000 Supplies Expense 2,280 Salaries Expense. 150,000 Interest Expense Interest Revenue 750 200 $585,650 $585,650