Exercise 4-7 Kay Magill Company had the following adjusted trial balance.

KAY MAGILL COMPANY Adjusted Trial Balance For the Month Ended June 30, 2014
Adjusted Trial Balance
Account Titles	Debit	Credit
Cash	$3,574
Accounts Receivable	3,975
Supplies	570
Accounts Payable	$1,589
Unearned Service Revenue	104
Owners Capital	4,169
Owners Drawings	617
Service Revenue	5,793
Salaries and Wages Expense	1,264
Miscellaneous Expense	313
Supplies Expense	1,824
Salaries and Wages Payable		482
Total	$12,137	$12,137

Prepare closing entries at June 30, 2014.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.	Account Titles and Explanation	Debit	Credit
1.
(To close revenue account.)
2.
(To close expense accounts)
3.
(To close net income / (loss).)
4.
(To close drawings)

SHOW LIST OF ACCOUNTS
LINK TO TEXT

Prepare a post-closing trial balance.

KAY MAGILL COMPANY Post-Closing Trial Balance For the Month Ended June 30, 2014
Debit	Credit
	$	$
Total	$	$