The September 30, 2010, adjusted trial balance of Java Jolt, Inc., is shown next.

Requirements 1. Prepare the September closing entries for Java Jolt, Inc.
2. Calculate the ending balance in Retained Earnings.
3. Prepare a post-closing trial balance.

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Java Jolt, Inc. Adjusted Trial Balance June 30, 2010 ACCOUNT Cash Accounts Receivable Prepaid Rent Supplies Equipment DEBIT CREDIT $ 5,800 7,000 2,300 300 30,000 Accumulated Depreciation, Equipment Accounts Payable $ 3.800 3,000 Unearned Service Revenue Salary Payable 1,900 1,400 Notes Payable Common Stock Retained Earnings Dividends Service Revenue Interest Revenue 10,000 3,100 11,200 4,000 41,000 1,000 Salary Expense 18,500 Rent Expense 5,400 Depreciation Expense, Equipment 1,700 Utilities Expense 800 Supplies Expense 600 Total $76,400 $76,400