Problem $6\mathrm{.}2$A $($Algo$)$ Journalizing and posting adjusting and closing entries and preparing a postclosing trial balance. LO $6-1,6-2$

A completed worksheet for The King Group is given below.

Required:

Record the adjusting entries in the general journal $($transactions $1-3).$

Record the closing entries in the general journal $($transactions $4-7).$

Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.

Prepare a postclosing trial balance.

How many accounts are listed in the adjusted and postclosing trial balance section?