Problem $3-6$A $($Algo$)$ Record closing entries and prepare a post$-$closing trial balance $($LO$3-6,3-7)$

The year$-$end financial statements of Python Tax Services are provided below.

$\backslash$table$[[\backslash$table$[[$PYTHORT TAX SERVICES$],[$Income Statement$]]],[$Service revenue,,$],[$Expenses:$,$$$73,500,],[$Salaries$,45,200,],[$Utilities$,7,400,],[$Insurance$,5,000,],[$Supplies$,1,700,59,300],[$Net income,$$14,200,]]$

Required:

Record year$-$end closing entries.

Prepare a post$-$closing trial balance. $($Hint$.$ The balance of Retained Earnings will be the amount shown in the balance sheet.$)$