Adjusting, Closing, and Reversing Entries 1. Prepare adjusting entries. If an amount box does not require an entry, leave it blank. 2. Prepare closing entries. If an amount box does not require an entry, leave it blank. 3. Prepare a post-closing trial balance. 4. Prepare reversing entry. If an amount box does not require an entry, leave it blank. Vicki's Fabric Store shows the trial balance below as of December 31, 20-1.

Answer rating: 100% (QA)

Journal entries Part 1 Date Account Title Debit Credit 2001 Wage expenses 20800 Cash 20800 Dec ... View the full answer