Prepare the closing entries and perform the Post-closing trial balance .

Trial adjusted balance

Account	Balance
Accounts receivable	119,000
Prepaid insurance	25,000
Materials (supplies)	3,850
Cash	140,450
Equipment	35,500
Accounts payable	45,000
Notes payable	42,800
Unearned Revenue	45,000
Juan del Pueblo, capital	74,000
Juan del Pueblo, withdrawals (drawings)	20,000
Fee earned	830,000
Utilities expense	24,500
Salary expenses	620,500
Advertising expenses	3,000
Rent expense	45,000