Q1, part h2: Post the closing entries and complete the closing process.

part i: Prepare a post-closing trial balance at July 31

Question 1 of 1 Prepaid Insurance July 3 3,600 July 31 300 July 31 Bal. 3,300 Supplies July 1 Bal. 710 July 31 1,320 July 6 3,500 July 31 Bal. 2,890 Prepaid Rent July 3 8,200 July 31 4,100 July 31 Bal. 4,100 Equipment July 1 24,000 July 31 Bal. 24,000 Accumulated Depreciation-Equipment July 31 500 July 31 Bal. 500 Question 1 of 1 Notes Payable July 1 20,000 July 31 Bal 20,000 Common Stock July 1 bal. 3,280 July 2 52,500 July 31 Bal. 55,780 Retained Earnings . July 1 Bal. 2,820 July 31 + 10460 July 31 Bal. 13280 Service Revenue July 13 1,080 4 July 20 30,300 4 July 23 9.500 . July 31 Bal 1 Salaries and Wages Expense July 18 9,900 July 31 9,900 July 31 Bal. Rent Expense July 31 4,100 July 31 Bal. 0 Advertising Expense July 20 2,400 . July 31 Bal. 0 Supplies Expense July 31 1,320 July 31 Bal Question 1 of 1 Utilities Expense July 31 900 July 31 Bal. Depreciation Expense July 31 500 July 31 Bal. 0 Insurance Expense July 31 300 July 31 Bal 0 Interest Expense July 31 100 July 31 Bal. O Income Tax Expense July 31 1,000 July 31 Bal Income Summary July 31 30420 July 31 40880 July 31 July 31 Bal. 10460 Question 1 of 1 Prepaid Insurance July 3 3,600 July 31 300 July 31 Bal. 3,300 Supplies July 1 Bal. 710 July 31 1,320 July 6 3,500 July 31 Bal. 2,890 Prepaid Rent July 3 8,200 July 31 4,100 July 31 Bal. 4,100 Equipment July 1 24,000 July 31 Bal. 24,000 Accumulated Depreciation-Equipment July 31 500 July 31 Bal. 500 Question 1 of 1 Notes Payable July 1 20,000 July 31 Bal 20,000 Common Stock July 1 bal. 3,280 July 2 52,500 July 31 Bal. 55,780 Retained Earnings . July 1 Bal. 2,820 July 31 + 10460 July 31 Bal. 13280 Service Revenue July 13 1,080 4 July 20 30,300 4 July 23 9.500 . July 31 Bal 1 Salaries and Wages Expense July 18 9,900 July 31 9,900 July 31 Bal. Rent Expense July 31 4,100 July 31 Bal. 0 Advertising Expense July 20 2,400 . July 31 Bal. 0 Supplies Expense July 31 1,320 July 31 Bal Question 1 of 1 Utilities Expense July 31 900 July 31 Bal. Depreciation Expense July 31 500 July 31 Bal. 0 Insurance Expense July 31 300 July 31 Bal 0 Interest Expense July 31 100 July 31 Bal. O Income Tax Expense July 31 1,000 July 31 Bal Income Summary July 31 30420 July 31 40880 July 31 July 31 Bal. 10460 Question 1 of 1