The following adjusted trial balance is for Wilson Company at December 31, 2018.    

REQUIRED:

a. Prepare closing entries in journal entry form.

b. After the firm's closing entries are posted, what is the post-closing balance for the Retained Earnings account?

c. Prepare its post-closing trial balance.

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Debit Credit $ 8,500 8,000 3,600 72,000 Cash..... Accounts receivable.. Prepaid insurance.. Equipment.. Accumulated depreciation Accounts payable... Common stock... Retained earnings Service fees revenue. Miscellaneous income Salaries expense Rent expense.. Insurance expense. Depreciation expense. Income tax expense.. Income tax payable $ 12,000 600 25,000 19,100 97,200 4,200 ... . ... 42,800 13,400 1,800 8,000 8,800 ..... .... ... 8,800 $166,900 $166,900