The following selected accounts and their current balances appear in the ledger of Kabayan Ku, Inc.
for the fiscal year ended November 30, 2012:
Accounts Payable												$ 32,400
Accounts receivable												272,000
Accumulated Depreciation-Office Equipment												12,960
Accumulated Depreciation-Store Equipment												58,320
Advertising Expense												33,960
Cash												91,800
Depreciation Expense-Office Equipment												10,800
Depreciation Expense-Store Equipment												5,520
Freight-in												10,000
H. Rogers, Capital												?
H. Rogers, Drawing												30,000
Insurance Expense												15,300
Interest Expense												1,200
Merchandise Inventory, November 30, 2011												120,000
Merchandise Inventory, November 30, 2012												271,000
Miscellaneous Administrative Expense												1,440
Miscellaneous Selling Expense												1,320
Notes Payable												36,000
Office Equipment												76,800
Office Salaries Expense												49,200
Office supplies												3,120
Office supplies Expense												1,080
Prepaid Insurance												8,160
Purchases												1,500,000
Purchases Discounts												15,000
Purchases Returns and Allowances												60,000
Rent Expense												26,580
Salaries Payable												2,400
Sales												2,000,000
Sales Discounts												13,200
Sales Returns and Allowances												25,200
Sales Salaries Expense												252,000
Store Equipment												141,000
Required:
a. Prepare closing entries.
b. Prepare a post-closing trial balance