A completed worksheet for The King Group is given below.

Required:

1) Record the adjusting entries in the general journal (transactions 1-3).

2) Record the closing entries in the general journal (transactions 4-7).

3) Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.

4) Prepare a post-closing trial balance.

Analyze: How many accounts are listed in the adjusted and post-closing trial balance section?

Please assist with providing the answers to the above inquiries.