Prepare closing entries and a Post closing trial balance. You will need to do this manually.

Credit 400,000.00 100,000.00 50,000.00 50,000.00 200.00 2,375.54 3,500.00 200,000.00 90,000.00 16,695.00 General Journal MONTH ONE saction Account Name Debit 1 Cash 400,000.00 1 Common Stock 2 Cash 100,000.00 2 Notes Payable 3 Inventory 100,000.00 3 Cash 3 Accounts Payable 4 Supplies 200.00 4 Cash 5 Fumiture & Equipment 2.375.54 5 Cash 6 Vehicles L 3,500.00 6 Cash 7 Accounts Receivable L 2 00,000.00 7 Sales Revenue 7 Cost of Goods Sold 90.000,00 7 Inventory 8 Prepaid Rent 16,695.00 8 Cash 9 Cash 100,000.00 9 Accounts Receivable 10 Utilities Expense 351.86 10 Cash 11 Wages Expense 26.695.25 11 Cash 12 Rent Expense 5,565.00 12 Prepaid rent 13 Interest Expense 494 44 13 Interest Payable 14 Inventory 100,000.00 14 Accounts Payable 15 Prepaid Insurance 8.568.00 15 Cash 16 Accounts Receivable 300,000.00 16 Sales Revenue 17| Cost of Goods Sold 135,000.00 17 Inventory 17 Interest Expense 494.44 17 Interest Payable 18 Depreciation Expense 500.00 18 Accumulated Depreciation 19 Wages Expense 26,695.25 19 Wages Payable 20 Insurance Expense 714.00 20 Prepaid Insurance 100,000.00 351.86 26,695.25 5.565.00 494.44 100,000.00 8.568.00 300,000.00 135,000.00 494.44 500.00 26,695.25 714.00 *******AUTOMATICALLY CALCULATES FOR YOU*********** Credit 500.00 150,000.00 26,695.25 TRIAL BALANCE MONTH ONE Account Name Debit Cash 491,614.35 Accounts Receivable 400,000.00 Prepaid Rent 11,130.00 Prepaid Insurance 7,854.00 Supplies 200.00 Inventory (25,000.00) Land I Vehicles 3,500.00 Furniture & Equipment 2,375.54 Buildings Accumulated Depreciation Accounts Payable Wages Payable Utilities Payable Interest Payable Unearned Revenue Other Payables Notes Payable Common Stock Retained Earnings Dividends Sales Revenue Service Revenue Cost of Goods Sold 225,000.00 Wages Expense 53,390.50 Rent Expense 5,565.00 Utilities Expense 351.86 Interest Expense 988.88 Insurance Expense 714.00 Depreciation Expense 500.00 Other Expense TOTAL 1,178,184.13 988.88 100,000.00 400,000.00 500,000.00 1,178,184.13