The adjusted trial balance for Sturge Technology Services Ltd. at August 31, 2021 is as follows:

Sturge Technology Services Ltd.

Adjusted Trial Balance

August 31, 2021

Debit

Credit

Cash

$11,610

Accounts receivable

18,810

Supplies

3,270

Prepaid insurance

3,160

Equipment

26,570

Accumulated depreciationequipment

$5,470

Accounts payable

2,830

Salaries payable

2,380

Interest payable

1,500

Rent payable

1,340

Income tax payable

1,600

Deferred revenue

640

Bank loan payable, due 2024

26,900

Common shares

4,920

Retained earnings

4,870

Dividends declared

590

Service revenue

52,560

Salaries expense

19,630

Rent expense

12,870

Depreciation expense

2,240

Supplies expense

1,660

Interest expense

1,500

Insurance expense

1,150

Income tax expense

1,950

Total

$105,010

$105,010

Instructions:

1. Prepare the closing entries at August 31.

2. Prepare a post-closing trial balance.