Huang Automotive ended its fiscal year on July 31, 2020. The company’s adjusted trial balance as of the end of its fiscal year is as follows. Instructions a. Prepare the closing entries using page J15.b. Post to Owner’s Capital and No. 350 Income Summary accounts. (Use the three-column form.)c. Prepare a post-closing trial balance at July 31. Huang Automotive Adjusted

Chapter 4, Exercises #8

Huang Automotive ended its fiscal year on July 31, 2020. The company’s adjusted trial balance as of the end of its fiscal year is as follows.Huang Automotive Adjusted Trial Balance July 31, 2020 Credit No. Account Titles Debit NT$ 9,840 101 Cash 112 Accounts Re


Instructions
a. Prepare the closing entries using page J15.
b. Post to Owner’s Capital and No. 350 Income Summary accounts. (Use the three-column form.)
c. Prepare a post-closing trial balance at July 31.

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