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S Problem 4 - Prepare Closing Entries and a Post-Closing Trial Balance Print Adjusted Trial Print Journal & Post-Closing Trial Balance Balance Required: Below is the Adjusted Trial Balance for Orange Corporation for the year ended December 31, 2020. Prepare the closing entries and the post-closing trial balance for December 31, 2020. Credit Debit 42,550 36,470 3,550 4,200 50,000 131,500 Orange Corporation Adjusted Trial Balance December 31, 2020 Account Cash Accounts Receivable Supplies Prepaid Rent Land Equipment Accum. Deprec. - Equip. Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Expense Salaries Expense Advertising Expense Depreciation Expense Supplies Expense Income Tax Expense Miscellaneous Expense Total 63,500 32,600 3,500 6,370 75,000 42,000 7,300 336,000 48,000 182,300 2,500 12,500 6,200 23,500 8,400 558,970 558,970 General Journal Date Account Debit Credit 12/31/20 Supplies Expense 12/31/20 Orange Corporation Post-Closing Trial Balance December 31, 2020 Account Debit Credit