Closing Information: 1. Prepare the adjusted trial balance section of the worksheet to verify that the general ledger is still in balance. Then, journalize and post the closing entries using the following information, the worksheet and the general ledger. 2. The ending merchandise inventory as of June 30, 20XX is $4,994. Seaside uses a periodic inventory system and uses the closing entry format for handling cost of goods sold; therefore, it does not have a Cost of Goods Sold account. 3. Prepare a post-closing trial balance to prove that the general ledger is still in balance and prepare the financial statements.