A B D E F G H J K L M N 0 1 Prepare the closing entries and the post closing trial balance. 2 Rafael Company Post-Closing Trial Balance July 31,2021 Debit 3 General Journal 4 Credit 5 Particulars Debit Credit Date 1. 6 Credit 7 8 9 10 2. 11 Rafael Company Adjusted Trial Balance July 31, 2021 Debit Cash 14.940.00 Accounts Receivable 8,780.00 Equipment 15,900.00 Accumulated Amortization Accounts Payable Unearned Rent Revenue R. Rafael, Capital R. Rafael, Drawings 14,000.00 Commissions Revenue Rent Revenue Amortization Expense 4,000.00 Salaries Expense 55,700.00 Rent Expense 14,900.00 128,220.00 5,400.00 6,220.00 1,800.00 45,200.00 12 13 14 15 3. 63,100.00 6,500.00 16 17 18 19 20 128,220.00 21 ***Remember that the Capital account must be updated due to the closing entries. *** 22 23