General journal and general ledger and post closing trial balance

Problem 5-3 Gray Co. Closing Entries for February In this problem you will be closing Gray Co.'s Revenue and Expense accounts for the month problem. of February 2019. Print the forms on the following pages and use them to complete this Requirement 1 Based on the General Ledger account balances prepare Gray Co.'s February closing entries. Place the closing entries in the General Journal. se Requirement 2 Post the closing entries to the General Ledger accounts. Requirement 3 Compute an Ending Balance for the Retained Earnings account, and compute After Close Balances for the Revenue and Expense accounts. Requirement 4 Prepare a Post-Closing Trial Balance. Requirement 5 Compare your solutions for Requirements 1 through 4 to the Feb Close tab in the 2-Gray Co workbook. Requirement 6 Compare the Ending Balance in your Retained Earnings account to the Retained Earnings workbook. amount in Gray Co.'s Balance Sheet shown on the February tab in the 2-Gray Co