The year-end financial statements of Blue Copper Financial Services are provided below.

BLUE COPPER
Income Statement
Service revenue		$84,200
Expenses:
Salaries	$48,900
Supplies	9,000
Rent	7,400
Delivery	3,600	68,900
Net income		$15,300

BLUE COPPER
Statement of Stockholders' Equity
	Common Stock	Retained Earnings	Total Stockholders' Equity
Beginning balance, January 1	$59,000	$32,200	$91,200
Issue stock	14,500		14,500
Net income		15,300	15,300
Dividends		(5,900)	(5,900)
Ending balance, December 31	$73,500	$41,600	$115,100

BLUE COPPER
Balance Sheet
Assets		Liabilities
Cash	$6,500	Accounts payable		$9,500
Accounts receivable	9,100	Stockholders' Equity
Land	109,000	Common stock	$73,500
		Retained earnings	41,600	115,100
Total assets	$124,600	Total liabilities and equities		$124,600

Required:

1. Record year-end closing entries.
2. Prepare a post-closing trial balance. (Hint: The balance of retained earnings will be the amount shown in the balance sheet.)

Journal entry worksheet

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31