PA4-1 (Algo) Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5]

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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.

Accounts Payable	$ 590
Accounts Receivable	290
Accumulated Depreciation	890
Cash	290
Common Stock	190
Deferred Revenue	190
Depreciation Expense	290
Equipment	3,190
Income Tax Expense	290
Interest Revenue	90
Notes Payable (long-term)	190
Notes Payable (short-term)	490
Prepaid Rent	90
Rent Expense	390
Retained Earnings	1,490
Salaries and Wages Expense	2,190
Service Revenue	6,170
Supplies	490
Supplies Expense	190
Travel Expense	2,590

1. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)