1)The following accounts were included on a company's adjusted trial balance. Identify which accounts should be closed or not closed at the year end.

a.Accounts payable

b.Notes payable

c.Accounts receivable

d.Rent revenue

e.Depreciation expense

f.Prepaid expenses

g.Operating expenses

h.Equipment

i.Unearned revenue

j. S. Young, drawings

k.Interest expense

l.Accumulated depreciation

m. S. Young, capital

n. Supplies

2)The adjusted trial balance for Victoria Sandhill Company for the year ended June 30, 2017, follows.

VICTORIA SANDHILL COMPANY

Adjusted Trial Balance

June 30, 2017

Account Titles Debit Credit

Cash $3,642

Accounts receivable 3,954

Supplies 470

Accounts payable $1,052

Unearned revenue 200

Salaries payable 530

V. Sandhill, capital 5,790

V. Sandhill, drawings 610

Service revenue 4,400

Salaries expense 1,160

Miscellaneous expense 186

Supplies expense 1,950

$11,972 $11,972

A)Prepare closing entries at June 30, 2017.

B)Prepare a post-closing trial balance.

3)The required steps in the accounting cycle are listed below in random order. List the steps in the correct order by selecting the numbers 1 to 9 in the dropdown boxes.

(a) Prepare a post-closing trial balance.

(b) Prepare an adjusted trial balance.

(c) Analyze business transactions.

(d) Prepare a trial balance.

(e) Journalize the transactions.

(f) Journalize and post the closing entries.

(g) Prepare the financial statements.

(h) Journalize and post the adjusting entries.

(i) Post to the ledger accounts.

4)The adjusted trial balance for Oriole Company is presented below.

ORIOLE COMPANY

Adjusted Trial Balance

August 31, 2017

Account Titles Debit Credit

Cash $10,400

Accounts receivable 6,400

Equipment 10,500

Accumulated depreciationequipment $5,400

Accounts payable 3,400

Unearned revenue 1,000

S. Strong, capital 37,900

S. Strong, drawings 13,200

Service revenue 36,300

Rent revenue 5,200

Depreciation expense 2,700

Salaries expense 36,100

Utilities expense 9,900

$89,200 $89,200

A)Prepare the closing entries.

B)Prepare T accounts for the accounts affected by the closing entries. Post the closing entries.

C) Prepare a post-closing trial balance at August 31, 2017.