Watchdog Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Watchdog Company prepared the end-of-period spreadsheet shown below at July 31, 2014, the end of the current fiscal year:

1. Prepare an income statement for the year ended July 31.
2. Prepare a retained earnings statement for the year ended July 31.
3. Prepare a balance sheet as of July 31.
4. Based upon the end-of-period spreadsheet, journalize the closing entries.
5. Prepare a post-closing trialbalance.

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Watchdog Company End-of-Period Spreadsheet For the Year Ended July 31, 2014 Unadjusted Trial Balance Dr Adjustments Dr. Adjusted Trial Balance Dr Account Title Cash Accounts Receivable Prepaid Insurance 10,800 38,900 4,200 2,730 98,000 10,800 43,300 (b) 2,5001,700 900 98,000 400,000 (a) 4,400 C) 1,830 (d) 1,600 (e) 4200 Land Building Accum. Depr-Building Equipment Accum. Depr-Equipment Accounts Payable Salaries & Wages Payable Unearned Rent Capital Stock Retained Earnings Dividends Fees Earned Rent Revenue 400,000 205,300 206,900 101,000 101,000 89,300 15,700 1,800 1,100 75,000 128,100 85,100 15,700 1,800 2100 (g) 1,000 75,000 128,100 10,000 10,000 (a) 4400 1,000 363,700 368, 100 1,000 164,900 21,700 11400 8,850 4.200 2,500 1,830 1,600 4,320 (f 1,800 Salaries & Wages Expense Advertising Expense Utilities Expense Repairs Expense Depr. Exp.-Equipment Insurance Expense Supplies Expense Depr. Exp-Building Misc. Expense 163,100 21,700 11,400 8,850 b) 2,500 (c)-1,830 1,600 4,320 875,000875,0017,330 17,330 887.000 887,000