Emil Skoda Company had the following adjusted trial balance.

EMIL SKODA COMPANY
Adjusted Trial Balance
June 30, 2008
	Adjusted Trial Balance
Account Titles	Debits		Credits
Cash	$3,712
Accounts Receivable	3,904
Supplies	480
Accounts Payable			$1,792
Unearned Revenue			160
Common Stock			5,000
Retained Earnings			760
Dividends	300
Service Revenue			4,064
Salaries Expense	1,344
Miscellaneous Expense	256
Supplies Expense	2,228
Salaries Payable			448
	$12,224		$12,224

Instructions

(a) Prepare closing entries at June 30, 2008. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)

Description/Account	Debit	Credit
Supplies Expense Income Summary Retained Earnings Salaries Expense Miscellaneous Expense Service Revenue Dividends
Income Summary Retained Earnings Dividends Service Revenue Salaries Expense Miscellaneous Expense Supplies Expense
(To close revenue.)
Supplies Expense Miscellaneous Expense Dividends Retained Earnings Income Summary Service Revenue Salaries Expense
Retained Earnings Dividends Supplies Expense Salaries Expense Miscellaneous Expense Income Summary Service Revenue
Salaries Expense Miscellaneous Expense Retained Earnings Dividends Income Summary Supplies Expense Service Revenue
Service Revenue Salaries Expense Supplies Expense Dividends Miscellaneous Expense Income Summary Retained Earnings
(To close expenses.)
Miscellaneous Expense Income Summary Dividends Service Revenue Supplies Expense Salaries Expense Retained Earnings
Dividends Salaries Expense Retained Earnings Supplies Expense Service Revenue Miscellaneous Expense Income Summary
(To close net income to retained earnings.)
Service Revenue Retained Earnings Miscellaneous Expense Income Summary Supplies Expense Salaries Expense Dividends
Miscellaneous Expense Retained Earnings Income Summary Supplies Expense Dividends Service Revenue Salaries Expense
(To close dividends to capital.)

(b) Prepare a post-closing trial balance. (If answer is zero, please enter 0. Do not leave any fields blank.)

EMIL SKODA COMPANY
Post-Closing Trial Balance
June 30, 2008
	Adjusted Trial Balance
Account Titles	Debits		Credits
Cash	$		$
Accounts Receivable
Supplies
Accounts Payable
Salaries Payable
Unearned Revenue
Common Stock
Retained Earnings
	$		$

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