1. The following is the adjusted trial balance for Sandeep Company.

Sandeep Company
Adjusted Trial Balance
December 31, 2010
Cash	8,130
Accounts Receivable	3,300
Prepaid Expenses	2,750
Equipment	10,400
Accumulated Depreciation		2,200
Accounts Payable		2,700
Notes Payable		1,000
Rena Sandeep, Capital		11,200
Rena Sandeep, Drawing	4,870
Fees Earned		36,600
Wages Expense	12,450
Rent Expense	4,900
Utilities Expense	3,475
Depreciation Expense	2,150
Miscellaneous Expense	1,275
Totals	53,700	53,700

Prepare closing entries and the post closing trial balance.