Required a. Prepare closing entries in general journal form using the Income Summary account. b. After the closing entries are posted, what is the ending balance in Retained Earnings account? c. Prepare a post-closing trial balance.

Closing Entries The adjusted trial balance shown below is for Batton, Inc., at December 31: BATTON, INC. Adjusted Trial Balance December 31 Debit Credit Cash $4,000 Accounts Receivable 8,000 Prepaid Insurance 3,600 Equipment 75,000 Accum. Depreciation. - Equipment $12,500 Accounts Payable 600 Common Stock 30,000 Retained Earnings 14,100 Cash Dividends 7,000 Service Fees Earned 101,200 Miscellaneous Income 4.200 Salaries Expense 42,800 Rent Expense 12,900 Insurance Expense 1,800 Depreciation expense 8,000 Income Tax Expense 8,300 Income Tax Payable 8,800 Totals $171,400 5171,400 Required a. Prepare closing entries in general journal form using the income Summary account b. After the closing entries are posted, what is the ending balance in Retained Earnings account? c. Prepare a post-closing trial balance. General Journal Description Date Debit Credit Miscellaneous Income To close the revenue accounts Salaries Expense Rent Expense Insurance Expense Depreciation Expense. Equipment Income Tax Expense To close the expense accounts OOOOOOO OOO OOOOOOOOOO To close Income Summary To close the Dividends account b. Balance in Retained Earnings at December 31$ Credit o o BATTON, INC. Post-Closing Trial Balance December 31 Debit Cash 05 Accounts Receivable Prepaid Insurance Equipment Accum. Depreciation. Accounts Payable Income Tax Payable Common Stock Retained Earnings Totals o oooooo o o o o Please answer all parts of the