Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances and the dollars are rounded to the nearest thousand. Assume the year ended on September 30, 2012.

Required:
1. Prepare an adjusted trial balance at September 30, 2012. Is the Retained Earnings balance of $1,445 the amount that would be reported on the balance sheet as of September 30, 2012?
2. Prepare the closing entry required at September 30, 2012.
3. Prepare a post-closing trial balance at September 30, 2012.

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Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation $ 221 Other Current Assets Other Noncurrent Assets 191 461 54 Other Expenses 197 Prepaid Expenses 07 Property and Equipment 151 340 Seling Expenses 2,142 1,445 2,605 6,369 476 2,166 Contributed Capital Depreciation Expense General and Retained Earnings Administrative Expenses Income Tax Expense Interest Revenue Long-term Debt Service Revenue Short-term Bank Loan Store Operating Expenses Supplies Unearned Revenue 175