Trail Balance as of Oct 31 of the current year.

	Debit	Credit
101. Cash	69,530
102. Petty Cash	20
108. A/R	4900
112. Office Supplies	412
118. Prepaid Insurance	720
201. Office Equipment	9500
301. A/P		8500
511. Contributed Capital		70000
513. Dividends	600
611. Professional Fees		10,300
810. Advertising Expenses	150
825. Miscellaneous Expenses	63
835. Rent Expense	2500
840. Utilities Expense	185
845. Wages Expense	200
Total	88,800	88,800

Adjusting Entries.

	Debit	Credit
Supplies Expenses	162
Office Supplies		162
Insurance Expense	240
Prepaid Insurance		240
Depreciation Expenses	250
Office Equipment		250
Wages Expenses	40
Wages Payable		40

Questions:

1. Post the adjusting entries.

2. Prepare an adjusted trail balance.

3. Journalize the closing entries.

4. Post the closing entries.

5. Prepare a post-closing trail balance.