Kay Magill Company had the following adjusted trial balance.

Kay Magill Company

Adjusted Trial Balance

For the Month Ended June 30, 2020

Account Titles Adjusted Trial Balance

Dr. Cr.

Cash $ 3,712

Accounts Receivable 3,904

Supplies 480

Accounts Payable $ 1,556

Unearned Service Revenue 160

Common Stock 4,000

Retained Earnings 1,760

Dividends 628

Service Revenue 4,300

Salaries and Wages Expense 1,344

Supplies Expense 256

Miscellaneous Expense 1,900

Salaries and Wages payable 448

$12,224

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$12,224

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Instructions:

a. Prepare closing entries at June 30, 2020.

b. Prepare a post-closing trial balance.