Accounts from the adjusted trial balance at December 31, 2018, are listed in alphabetical order below for Grant Advertising Agency Limited:

Instructions
(a) Prepare an adjusted trial balance.
(b) Prepare the closing journal entries.
(c) Prepare a post-closing trial balance at December 31.

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Accounts payable Accounts receivable Accumulated depreciation-equipment Bank loan payable Cash Common shares Depreciation expense Dividends declared Equipment Fees earned Held for trading investments Income tax expense 4,800 Income tax payable $ 4,000 19,750 Insurance expense1,600 700 700 800 7,200 13,200 Retained earnings10,400 13,625 1,625 1,265 5,935 4,000 Unearned revenue6,200 39,600 Interest expense 10,000 Interest payable 11,000 Prepaid insurance 20,000 Rent expense 2,000 Salaries expense 66,000 Salaries payable 60,600 Supplies 10,850 Supplies expense