PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO3, LO5) ElecBooks 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. Amounts in the list of accounts are rounded to the nearest thousand dollars. Assume the year ended on September 30, 2017. Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Cash Contributed Capital Depreciation Expense General and Administrative Expenses Income Tax Expense Interest Revenue Long-Term Debt Other Current Assets Other Long-Lived Assets Other Operating Expenses Prepaid Expenses Property and Equipment Retained Earnings Selling Expenses Service Revenues Short-Term Bank Loan Store Operating Expenses Supplies Deferred Revenue $ 317 223 386 332 339 183 372 389 334 124 228 103 557 229 126 2,238 1,541 2,701 6,689 508 2,262 642 207 1-a. Prepare an adjusted trial balance at September 30, 2017. (Enter your answers in thousands.) Credit $ 317 386 332 183 ELECBOOKS CORPORATION Adjusted Trial Balance At September 30, 2017 (in thousands) Account Titles Debit Accounts payable Accounts receivable 223 Accrued liabilities Accumulated depreciation Cash 339 Contributed capital Depreciation expense 372 General and administrative expenses 389 Income tax expense 334 Interest revenue Long-term Debt Other current assets 103 Other long-lived assets 557 Other operating expenses 229 Prepaid expenses 126 Property and equipment 2,238 Retained earnings Selling expenses 2,701 Service revenues Short-term bank loan Store operating expenses 2,262 Supplies 642 Deferred revenue Totals $ 10,515 124 228 1,541 6,689 508 207 10,515 $ 2. Prepare the closing entry required at September 30, 2017. (Enter your answers in thousands. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry at Sep 30,2017. Note: Enter debits before credits. Date General Journal Debit Credit September 30, 2017 Record entry Clear entry View general journal 3. Prepare a post-closing trial balance at September 30, 2017. (Enter your answers in thousands.) ELECBOOKS CORPORATION Post-Closing Trial Balance At September 30, 2017 (in thousands) Account Titles Debit Credit Totals