Prepare closing entries at April 30.

Prepare the retained earnings statement

Prepare a trial balance

Prepare the adjusting entries for the month

Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts

The income statement of Fezzik's Shoe Repair is as follows: FEZZIK'S SHOE REPAIR Income Statement For the Month Ended April 30, 2021 Revenue Service Revenue $9,500 Expenses: Salaries and Wages Expense $4,200 Depreciation Expense 350 Utilities Expense 400 Rent Expense 600 Supplies Expense 1,050 Total Expenses 6,600 Net Income $2,900 On April 1, the Retained Earnings account had a balance of $12,900. During April, the company paid $3,000 in dividends. Account Titles and Explanation Debit Credit (To close revenue account.) (To close expense accounts.) (To close net income to retained earnings.) (To close dividends to retained earnings.)