Prepare Closing entries and a Post Closing Trial Balance. You will need to do this manually.

Credit Debit 400,000.00 400,000.00 100,000.00 100,000.00 100,000.00 50,000.00 50,000.00 769.86 Account Name 1 Cash 1 Common Stock 2 Cash 2 Notes Payable 3 Inventory 3 Cash 3 Accounts Payable 4 Supplies 4 Cash 5 Furniture & Equipment 5 Cash 6 Accounts Receivable 6 Sales Revenue 6 Cost of Goods Sold 6 Inventory 7 Prepaid Rent zl Cash 769.86 5,305.68 5,305.68 200,000.00 200,000.00 90,000.00 90,000.00 16,695.00 16,695.00 100,000.00 100,000.00 351.86 351.86 25,000.00 25,000.00 26,695.25 26,695.25 5,565.00 5,565.00 494.44 494.44 100,000.00 100,000.00 8 Accounts Receivable 9 Utilities Expense 9 Cash 10 Accounts Payable 10 Cash 11 Wages Expense 11 Cash 12 Rent Expense 12 Prepaid rent 13 Interest Expense 13 Interest Payable 14 Inventory 14 Accounts Payable 15 Prepaid Insurance 15 Cash 16 Accounts Receivable 16 Sales Revenue 16 Cost of Goods Sold 16 Inventory 17 Interest Expense 17 Interest Payable 18 Depreciation Expense 18 Accumulated Depreciation 19 Wages Expense 19 Wages Payable 20 Insurance Expense 20 Prepaid Insurance 8,568.00 8,568.00 300,000.00 300,000.00 135,000.00 135,000.00 494.44 494.44 500.00 500.00 26,695.25 26,695.25 714.00 714.00 *******AUTOMATICALLY CALCULATES FOR YOU*********** Credit 500.00 125,000.00 26,695.25 TRIAL BALANCE MONTH ONE Account Name Debit Cash 466,614.35 Accounts Receivable 400,000.00 Prepaid Rent 11,130.00 Prepaid Insurance 7,854.00 Supplies 769.86 Inventory (25,000.00) Land Vehicles Furniture & Equipment 5,305.68 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 1,153,184.13 1 988.88 100,000.00 400,000.00 500,000.00 ,153,184.13