The April 30, 2012, adjusted trial balance of Steamed Sensation, Inc., is shown next.

Requirements
1. Prepare the April closing entries for Steamed Sensation, Inc.
2. Calculate the ending balance in Retained Earnings.
3. Prepare a post-closing trialbalance.

Transcribed Image Text:

Steamed Sensation, Inc. Adjusted Trial Balance April 30, 2012 ACCOUNT Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Service Revenue Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Utilities Expense Supplies Expense Total DEBIT CREDIT $ 4.200 7,000 2,700 250 36,000 S 4,200 4,500 1,400 1,300 2,000 5,000 9,650 3,000 54,000 1,100 22,700 5,200 1,400 450 250 $83,150 83,150