Question $2($Total $20$ marks$)$

Presented below are the year$-$end balances at December $31$ of Fast Forward. $($All accounts have normal balances.$)$

$\backslash$table$[[,$Dr$.,$Cr$.],[$Cash$,$$ $20,000,],[$Accounts receivable,$10,000,],[$Office supplies,$4,000,],[$Office equipment,$30,000,],[$Accumulated depreciation$-$Office equipment,,$$5,000],[$Long$-$term notes payable,,$25,000],[$D$.$ Chambers, Capital,,$30,000],[$D$.$ Chambers, Withdrawals,$1,000,],[$Fees earned,,$51,000],[$Salaries expense,$20,000,],[$Rent expense,$16,000,],[$Depreciation expense$-$Office equipment,$4,000,],[$Advertising expense,$4,000,],[$Office supplies expense,$2,000,],[$Totals$,$$$111,000,$$$111,000]]$

Required:

Part A $(4$ marks$)$

Explain the difference between temporary and permanent accounts.

$(2$ marks$)$

List all the accounts that would be included in a post$-$closing trial balance in the above table. $(2$ marks$)$

Part B $(16$ marks$)$

Prepare the four closing entries necessary at December $31.$

$(12$ marks$)$

Calculate the post$-$closing trial balance for D$.$ Chambers, Capital. Detailed calculation process is required.

$(4$ marks$)$