Exercise 9-18: Journalizing closing entries and preparing post-closing trial balance You are given account balances of Christmas Trading for the year ended December 31, 2015: Account Title Amount Cash 44,000 Accounts Receivable 109,000 Allowance for Doubtful Accounts 11,800 Notes Receivable 25,000 Accrued Interest Income 1,200 Account Title Amount Prepaid Rent Expense 75,000 Freight-in 2,350 3,500 4,070 Store Supplies Office Supplies Freight out Sales Salaries and Commissions 2,700 180,000 160,000 148,000 Office Supplies Expense Utilities Expense 154,000 7,400 Rent Expense 120,000 Store Equipment Accumulated Depreciation - Store Equipment Furniture and Fixtures Accumulated Depreciation - Furniture and Fixtures 4,500 130,000 2,000 6,500 Office Supplies Used Store Supplies Used Depreciation Expense - Store Equipment Depreciation Expense - Furniture and Fixtures 3,700 Accounts Payable 68,000 5,200 Notes Payable (due 2017) 250,000 Doubtful Accounts Expense 8,900 50,400 Salaries Payable 13,100 21,120 Accrued Interest Expense 2,600 Taxes and Licenses Expense Representation and Entertainment Expense Insurance Expense Miscellaneous Expenses 90,000 Unearned Sales Revenue 32,000 17,800 Santa, Capital, January 1 206,820 Interest Income 4,000 Santa, Drawing 28,000 Interest Expense 2,480 Sales 1,987,000 Sales Returns and Allowances 71,800 Sales Discount 114,000 Merchandise Inventory, January 1 33,700 Purchases 999,000 Purchase Returns and Allowances 6,800 Purchase Discount 15,400