Below is a listing of account balances taken from the adjusted ledger account balances of Jolley Manufacturing Corporation.

All revenues and expense accounts have been closed to Retained Earnings. Dividends has not yet been closed.
1. Prepare the closing entry for Dividends.
2. Prepare a post-closing trial balance for December 31,2012.

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Cash Accounts Receivable Inventory Prepaid Advertising. Building Land Accounts Payable Wages Payable S 16,400 Income Taxes Payable S 7,000 82,500 23,000 4,200 80,000 14,800 56,000 23,500 Mortgage Payable 71,000 Notes Payable. 4,000 Uneamed Rent 110,000 Capital Stock 45.000 Dividends 24,000 Retained Eanings 8,000