1) create the closing entrie Peters Christmas store DR CR 8.000 36,000 Adjusted Trial Balance Peter's Christmas store 31-Dec-11 Cash 6,000 Accounts Receivable 12,000 Christmas tree Inventory Delivery Truck 55,000 Acc. Dep - Delivery Truck Land 110,000 Accounts Payable Mortgage Payable Owner's, Capital Owner's, Drawings 3,500 Christmas tree revenues Decoration revenues Utilities expense 12,000 decoration Expense 55,000 depreciation Expense 50001 telephone Expense 1,200 elf salaries expense 8,000 12,000 75,000 2,700 100,000 50,000 275,700 275700 b) create the post closing trial balance Adjusted Trial Balance Peters Christmas store 31-Dec-11 Closing Entries Assignment