The adjusted trial balance for Hercules Company is presented below.

Instructions
a. Prepare the closing entries.
b. Prepare T accounts for the accounts affected by the closing entries. Post the closing entries.
c. Prepare a post-closing trial balance at August 31, 2024.

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Cash Accounts receivable Equipment Accumulated depreciation-equipment Accounts payable Unearned revenue S. Strong, capital S. Strong, drawings Service revenue Rent revenue HERCULES COMPANY Adjusted Trial Balance August 31, 2024 Depreciation expense Salaries expense Utilities expense Debit $10,900 6,200 10,600 12,000 2,700 37,100 10,100 $89,600 Credit $ 5,400 2,800 1,200 31,700 42,400 6,100 $89,600