VIPEK IAX SERVICES

Balance Sheet

Liabilities

Accounts payable

Stockholders' Equity

Common stock

Retained earnings

Total liabilities and equities

$$4,950$

$\backslash$table$[[121,750],[126,700]]$

Required:

Record year$-$end closing entries.

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

Complete this question by entering your answers in the tabs below.

Prepare a post$-$closing trial balance. $($Hint: The balance of Retained Earnings will be the amount shown in the balance sheet.$)4$Required:

Record year$-$end closing entries.

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

Complete this question by entering your answers in the tabs below.

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 previous attempt

Check my work

Problem $3-6$A $($Algo$)$ Record closing entries and prepare a post$-$closing trial balance $($LO$3-6,3-7)$

$10$ points

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

$\backslash$table$[[,\backslash$table$[[$VIPER TAX SERVICES$],[$Income Statement$]],],[$Service revenue,,$$77,000$