The adjusted trial balance for Sheridan Company is presented below.

SHERIDANCOMPANY

Adjusted Trial Balance

August 31, 2017

Account Titles

Debit

Credit

Cash$10,700

Accounts receivable6,600

Equipment10,000

Accumulated depreciationequipment$5,700

Accounts payable3,800

Unearned revenue1,100

S. Strong, capital35,300

S. Strong, drawings13,100

Service revenue36,500

Rent revenue6,900

Depreciation expense1,700

Salaries expense37,600

Utilities expense9,600

DR TOTAL $89,300 CR TOTAL $89,300

Prepare the closing entries

then

Prepare T accounts for the accounts affected by the closing entries. Post the closing entries. Make the T account and state if they are bal. or clos.

then

Prepare post-closing trial balance at August 31, 2017.

(4 sections for the closing entries.

T account includes Income summary, S.Strong Capital , S.Strong Drawings, Service Revenue, Rent Revenue , Depreciation Expense, Salaries Expense, Utilities Expense)