Plevin Company ended its fiscal year on July 31, 2015. The companys adjusted trial balance as of

Plevin Company ended its fiscal year on July 31, 2015. The company’s adjusted trial balance as of the end of its fiscal year is shown below.

Instructions
(a) Prepare the closing entries using page J15.
(b) Post to the Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.)
(c) Prepare a post-closing trial balance at July31.

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PLEVIN COMPANY Adjusted Trial Balance July 31, 2015 No Account Titles Debit Credit $ 9,840 8,780 15,900 10 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip 201 208 31 Common Stock 320 Retained Earnings 332 Dividends 400 429 $ 7,400 4,220 1,800 20,000 25,200 Accounts Payable Unearned Rent Revenue 16,000 Service Revenue Rent Revenue Depreciation Expense Salaries and Wages Expense Utilities Expense 64,000 6,500 726 732 8,000 55,700 14,900 $129,120 $129,120