Apachi Company ended its fiscal year on July 31, 2011. The company's adjusted trial balance as of the end of its fiscal year is as shown below.

(a) Prepare the closing entries

(b)Post to Retained Earnings and No. 350 Income Summary accounts.

(c)

Prepare a post-closing trial balance at July 31.

APACHI COMPANY
Adjusted Trial Balance
July 31, 2011
No.	Account Titles	Debits	Credits
101	Cash	$15,740
112	Accounts Receivable	9,680
157	Equipment	16,800
167	Accumulated Depreciation		$8,300
201	Accounts Payable		5,120
208	Unearned Rent Revenue		2,700
311	Common Stock		20,000
320	Retained Earnings		26,100
332	Dividends	16,900
404	Commission Revenue		65,900
429	Rent Revenue		7,400
711	Depreciation Expense	4,000
720	Salaries Expense	56,600
732	Utilities Expense	15,800
		$135,520	$135,520