The adjusted trial balance for Fraser Valley Services Ltd. was prepared in E4-9.

Data from E4-9.

Instructions
(a) Prepare the closing entries at August 31.
(b) Prepare a post-closing trial balance.

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Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable, due September 1, 2018 Cash Common shares Depreciation expense Divilens Equipment Income tax expense Income tax payable $2,800 18,225 5,905 25,000 11,430 5,000 2,275 (400 25,600 2,000 1,500 1,100 Interest expense 1,500 Interest payable Prepaid insurance 3,450 Rent expense Rent payable Retained earnings 5,400 Salaries expense Salaries payable Service revenue Supplies Supplies expense Unearned revenue 1,500 15,000 1,250 19,200 2,200 54,275 3,400 1,750 /00 Insurance expense