Required 1 2 Close the revenue account Close the expense accounts 3.00 Close income summary 4 5 6 Close the dividend account Calculate the Ending Retained Earnings Balance Prepare the Post-Closing Trial Balance Adjustmen Income Statement Statement of R/E Balance Sheet Cr Cr Cr Cr Cr $ 54,750.00 Cash Accounts Receivabl Supplies Prepaid Insurance prepaid rent Cleaning Equipment accumulated depreciation-equipment 54,750.00 $ 6,500.00 500.00$ 6,500.00 5 100.00 S 1,100.00 1,500.00S 7,500.00 $ 12,000.00 54,750.00 $ 6,500.00 $ 6,500.00 $1,100.00 $ 7,500.00 5,000.00 $ 7,000.00 5 12,000.00 $ 9,000.00 5 12,000.00 $ 200.00 $ 250.00 5 857.00 S 200.00 $ 18,000.00 18,000.00 $ 18,000.00 accumulated depreciation-truck accounts payable salaries payable unearned service revenue common stock retained earnings dividends service revenue salaries expense utilitu expense insurance expense office expense 5 250.00 16,600.00 S 857.00 S 7,000.00 $ 78,000.00 $250.00 S 16,600.00 $ 857.00 $ 7,000.00 $ 78,000.00 $ 16,600.00 S 8,000.00 5 78,000.00 $1,000.00 $ 1,000.00 1,000.00 $6,000.00 5 17,000.00 517,000.00 8,000.00 S 600.00 S 8,857.00 5 600.00 100.00 8,857.00 S 600.00 S 100.00 $ 100.00 S1,500.00 S 500.00 S 1,500.00 S500.00 5 500.00 50.00 5 1,500.00 s 500.00 $ 500.00 S 50.00 S 500.00 advertising expense supplies expense misc expense bad debt expense depreciation expense interest expense Total Net Income 50.00 5 450.00 450.00 450.00 13,600.00 S 113,600.00 $9,407.00 $9,407.00 $119.907 119,907.00 Total net income $ 4,443.00 1,557.00 $17,000.00 Total $ 106,350.00 $ 102.907 net income $ 3,443.00 106,350.00 $106,350.00 Ending Retained Earnings 3,443.00