5-9. Closing entries. You are given the following adjusted trial balance. Tryitonce, Inc. Adjusted Trial Balance October 31, 2007 $14,500 7.000 67,000 72,000 $ 600 24,000 Cash Accounts Receivable Land Building Accumulated Depreciation: Building Office Equipment Accumulated Depreciation: Office Equip. Notes Payable Accounts Payable Common Stock Retained Earnings, November 1, 2007 Dividends Commissions Earned Advertising Expense Property Tax Expense Salaries Expense Telephone Expense Depreciation Expense: Building Depreciation Expense: Office Equip. 750 81,000 10,000 50,000 46,100 10,000 22,000 900 700 13,300 600 200 250 $210,450 $210.450 Using this information, complete parts a, b, c, and d on the following pages. oumal provided, record all necessary closing entries. In the journal provide General Journal Page Description Post Ref. Debit Credit TT b. Using the information from above, prepare a post-closing trial balance, $184,500 $184,500 c. How much is the net income or net loss? net income/loss (circle one) d. What is the ending balance in the Retained Earnings account? (Show computations.) FINANCIAL STATEMENTS 5-20