You must complete parts $1,2,3,4,6,7$ and $8$ before attempting to complete part $9.$ Part $5$ is the optional worksheet.

Journalize the closing entries. Then post the journal to the general ledger you created in part $1.$ Indicate closed accounts by inserting a line in both the balance columns opposite the closing entry. Insert the new balance in the retained earnings account.

If an amount box does not require an entry, leave it blank.