Huang Automotive ended its fiscal year on July 31, 2025. The company’s adjusted trial balance as of the end of its fiscal year is as follows.

Instructions

a. Prepare the closing entries using page J15.

b. Post to Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.)

c. Prepare a post-closing trial balance at July 31.

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Huang Automotive Adjusted Trial Balance July 31, 2025 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 201 Accumulated Depreciation-Equip. Accounts Payable 208 Unearned Rent Revenue 311 Share Capital-Ordinary 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense Debit Credit NT$ 9,840 8,780 15,900 NT$ 7,400 4,220 1,800 20,000 25,200 16,000 64,000 6,500 8,000 55,700 14,900 NT$129,120 NT$129,120