Problem $6\mathrm{.}2$A

Objectives $6-1,6-2$

Journalizing and posting adjusting and closing entries and preparing a

postclosing trial balance.

A completed worksheet for The Oxford Group is shown below.

INSTRUCTIONS

Journalize $($use $3$ as the page number$)$ and post the adjusting entries. Use account number $131$

for Prepaid Advertising and the same account numbers for all other accounts shown in Mini$-$

Practice Set $1$ for Eli's Consulting Services' chart of accounts.

Journalize $($use $4$ as the page number$)$ and post the closing entries.

Prepare a postclosing trial balance.

Analyze: How many accounts are listed in the Adjusted Trial Balance section? How many accounts

are listed on the postclosing trial balance?