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The adjusted trial balance of Mozart D.J., Inc. at the end of its fiscal year is as follows. MOZART D.J., INC. Adjusted Trial Balance July

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The adjusted trial balance of Mozart D.J., Inc. at the end of its fiscal year is as follows. MOZART D.J., INC. Adjusted Trial Balance July 31, 2008 No. Account Titles Debits Credits 101 Cash $ 14,940 112 Accounts Receivable 8,780 157 Equipment 15,900 167 Accumulated Depreciation 5,400 201 Accounts Payable 4,220 208 Unearned Rent Revenue 1,800 311 Common Stock 20,000 320 Retained Earnings 25,200 332 Dividends 14,000 404 Commission Revenue 65,100 429 Rent Revenue 6,500 711 Depreciation Expense 4,000 720 55,700 Salaries Expense 732 14.900 Utilities Expense $128.220 $128,220 INSTRUCTIONS: (a) Prepare the closing entries using page J15. (b) Post to Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.) (c) Prepare a post-closing trial balance at July 31. (d) Prepare an income statement and a retained earnings statement for the year ended July 31, 2008. There were no issuances of stock during the year. (e) Prepare a classified balance sheet at July 31

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