The adjusted trial balance for Swire Interior Decorating Company on 30 November 20X1 (the end of its monthly accounting period) is as follows:

Required:
a Prepare a November income statement, statement of changes in owner's equity, and a 30 ..... a 30 November 20XI balance sheet for Swire Interior Decorating Company.
b Prepare the closing entries on 30 November 20X1.
c Prepare a post-closing trial balance.

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Account titles Cash Accounts receivable Office supplies Prepaid insurance GST Control Land Building Accumulated depreciation: building Office equipment Accumulated depreciation: office equipment Accounts payable Mortgage payable A. Swire, capital A. Swire, drawings Debits $ 7042 4 394 1 074 1240 300 6 000 29 400 2880 800 Credits $ 130 40 1580 10 000 40 000