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Instructions (1) What are the TWO purposes of preparing the Trial Balance. (3%) (2) Prepare the Closing Entries on December 31, 2018. (11%) (3) Posting

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Instructions (1) What are the TWO purposes of preparing the Trial Balance. (3%) (2) Prepare the Closing Entries on December 31, 2018. (11\%) (3) Posting of the Retained Earnings entries to the Retained Earnings Account. (4\%) (4) Prepare the Post-Closing Trial Balance as at December 31, 2018.(7\%)

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