Question
Plevin Company ended its fiscal year on July 31, 2015. The companys adjusted trial balance as of the end of its fiscal year is as
Plevin Company ended its fiscal year on July 31, 2015. The companys adjusted trial balance as of the end of its fiscal year is as shown below.
Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Post to Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Prepare a post-closing trial balance at July 31.
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