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ElecBooks Corporation provides an online bookstore for electronic books. The following is a simpified ist of accounts and amounts reported in its accounting records. The

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ElecBooks Corporation provides an online bookstore for electronic books. The following is a simpified ist of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30, 2020. Required: 1-a. Prepare an adjusted trial balance at September 30, 2020. (Enter your answers in thousands.) 1-b. Is the Retained Earnings balance of $1,469 the amount that would be reported on the balance sheet as of September 30,2020? Yes No 2. Prepare the closing entry required at September 30, 2020. (Enter your answers in thousands. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Journal entry worksheet Record the closing entry at Sep 30,2020. Note: Enter debits before credits. 3. Prepare a post-closing trial balance at September 30, 2020. (Enter your answers in thousands.)

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