m/pdf/061958.pdf 10. Create the closing journal entries in the general jounal to close the revenue, expense, and dividend accounts to the retained earnings account, paying attention to debits equaling credits. 11. Post the closing journal entries to the respective general ledger accounts. 12 Calculate the balances in the general ledger accounts. 13. Create a post-closing trial balance from the balances in the general ledger accounts using the same blank form as used for the unadjusted trial balance. Your post-closing trial balance should be in the same format as the post-closing trial bal ance provided at the beginning of the project for the prior accounting period. Make sure the math is correct and that the debit column is equal to the credit column. I not, don't continue until the error has been found. 14. Create the balance sheet for J& LAccounting, Inc. using the information information from the closing trial balance. If the debits equal the credits from the previous work and the closing entries were made properly, then the accounting equation should bal- ance on the balance sheet. If the assets don't equal the liabilities plus stockholders equity, an error has been made that needs to be corrected. The balance of the accounting equation is another fundamental GAAP principle that can't be violated Use the following form to create the balance sheet. Its format should be the same De as that of the statement provided at the beginning of the project m/pdf/061958.pdf 10. Create the closing journal entries in the general jounal to close the revenue, expense, and dividend accounts to the retained earnings account, paying attention to debits equaling credits. 11. Post the closing journal entries to the respective general ledger accounts. 12 Calculate the balances in the general ledger accounts. 13. Create a post-closing trial balance from the balances in the general ledger accounts using the same blank form as used for the unadjusted trial balance. Your post-closing trial balance should be in the same format as the post-closing trial bal ance provided at the beginning of the project for the prior accounting period. Make sure the math is correct and that the debit column is equal to the credit column. I not, don't continue until the error has been found. 14. Create the balance sheet for J& LAccounting, Inc. using the information information from the closing trial balance. If the debits equal the credits from the previous work and the closing entries were made properly, then the accounting equation should bal- ance on the balance sheet. If the assets don't equal the liabilities plus stockholders equity, an error has been made that needs to be corrected. The balance of the accounting equation is another fundamental GAAP principle that can't be violated Use the following form to create the balance sheet. Its format should be the same De as that of the statement provided at the beginning of the project