entries?

It is estimated that utilities used during July totalled $$16,380.$

Actual count of ending merchandise inventory on July $31,2024$ was $$1,827,586.$ past due $(18\%),$ Greater than $61$ days past due $(60\%).$ Since this is an estimate please round your final answer to the nearest whole dollar.

Income taxes are estimated to be $$247,700.$

c$)$ What is the next step in the accounting cycle?

Prepare a post$-$closing trial balance

Post closing entries

Prepare an adjusted trial balance

This is the last step

Post adjusting entries

Analyze and journalize transactions

Prepare an unadjusted trial balance

Prepare financial statements

Post transactions

Prepare closing entries