1.) prepare closing entries in journal entry form

2.)after purrfect pets closing entries are posted what is the balance in the retain earnings account?

Purrfect Pot provides pot grooming and boarding services for domestic cats. The company has been in existence for 12 years. Al December 31, 2016. Purrfect Pet's adjusted trial balance is as follows: Purrfect Pet Adjusted Trial Balance December 31, 2016 Credit Debit $ 89,600 64.000 10.400 720,000 Cash Accounts receivable Prepaid insurance Equipment Accumulation depreciation Accounts payable Common stock Retained earnings Service revenue Miscellaneous revenue Salaries expense Rent expense Insurance expense Depreciation expense Income tax expense Income tax payable $ 168 000 18.400 325 600 138 000 840.000 16,400 456 000 65 600 14.400 33.600 102,400 $1.556.000 49,600 5.1.556.000 Prepare closing entries in journal entry form After Purrfect Pot's closing entries are posted what is the balance in the Retained Earings account? 1:48 PM arch D e a * N AW.44 /192020