The June 30, 2013, adjusted trial balance of Energized Espresso, Inc. is shown next.

Requirements
1. Prepare the June closing entries for Energized Espresso, Inc.
2. Calculate the ending balance in retained earnings.
3. Prepare a post-closing trial balance.

Transcribed Image Text:

Energized Espresso, Inc Adjusted Trial Balance June 30, 2013 ACCOUNT Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Service Revenue Salary Payable Notes Payable Common Shares Retained Earnings Dividends Service Revenue Interest Revenue Salary Expense Rent Expense Depreciation Expense, Equipment Utilities Expense Supplies Expense Total DEBIT CREDIT 4,900 9,600 1,800 $ 4,200 2,400 1,100 1,800 3,000 10,000 11,950 2,000 43,000 400 24,500 6,000 1,200 700 550 $77,850 $77,850