Sherlock Locksmiths, Inc, has the following adjusted trial balance for the year ended December 31, 2018.

Required

a. Journalize and post the necessary closing entries. Omit explanations.

b. Prepare a post-closing trial balance as of December 31.

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Sherlock Locksmiths. Inc. Adjusted Trial Balance At December 31, 2018 Account Debit Credit Cash $1,734,900 Accounts Receivable 778 000 Suppl es 250,000 Prepaid Insurance 130 000 Equipment 360,000 $ 28,000 Accumu ated Deprec ation-Equipment Accounts Payable 1,275,000 Uneamed Service Revenue 39 600 Wages Payab e 280,000 Interest Payab e 60,000 Notes Payable 320,000 Common Stock 1.200,000 Retained Eamings Div dends 12,000 Serv ce revenue 2 160,000 Wage Expense 1,276 000 Utilities Expense 89,200 Sel ing Expense 72 500 Administrative Expense 182.000 Repairs Expense 62,000 Interest Expense 40 000 insurance Expense 121,000 Supplies Expense 215 000 Deprec at on Expense-Equipment 40 000 Totals $5,362.600 $5,362,600