The year-end financial statements of Rattlers Tax Services are provided below.

1. Record year-end closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

2. Prepare a post-closing trial balance. (Hint: The balance of Retained Earnings will be the amount shown in the balance sheet.)

The year-end financial statements of Rattlers Tax Services are provided below: $72,900 RATTLERS TAX SERVICES Income Statement Service revenue Expenses: Salaries $44,900 Utilities 7,100 Insurance 4,700 Supplies 1,550 Net income 58,250 $13,750 RATTLERS TAX SERVICES Statement of Stockholders' Equity Common Retained Stock Earnings Beginning balance, Jan. 1 $49,000 $23,400 Issue stock 19,000 Net income 13,750 Dividends (4,900) Ending balance, Dec. 31 $68,000 $32,250 Total Stockholders Equity 72,400 19,000 13,750 (4,900) $100,250 Assets Cash Accounts receivable Land $ 4,450 $ 3,600 6,100 95,000 RATTLERS TAX SERVICES Balance Sheet Liabilities Accounts payable Stockholders' Equity: Common stock Retained earnings Total liabilities and equities $68,000 32,250 100,250 $104,700 Total assets $104,700 1. Record year-end closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet