Step $7$: Prepare the adjusted trial balance under the "Adjusted Trial Balance" tab as of December $31$ in the Excel template file "Accounting Cycle Excel Template.xlsx$".$

Checkpoint $1$: Adjusted trial balance total debit$/$credit $=$ $$22,570$

Step $8$: Prepare Income Statement, Statement of Stockholder's Equity, and Classified Balance Sheet under the "Financial Statements" tab for the month ended December $31,20$XX in the excel template file "Accounting Cycle Excel Template.xlsx$".$

Check Point $2$: Total Assets $$16,260$

$22-$ Total Current Assets

$23-$ Long$-$Term Assets

$24-$ Total Current Liabilities

$25-$ Total Long$-$Term Liabilities

$26-$ Total Liabilities

$27-$ Total Stockholder's Equity

Provide the following account balance from the Statement of Stockholders' Equity:

$28-$ Dividends

Step $9$: Record the closing entries under the "General Journal" tab.

Step $10$: Post all of the closing entries to the T$-$accounts under the $"$T$-$Accounts$/$General Ledger" tab. Compute the post closing balance for each T$-$account after all of the closing entries have been posted.

Step $11$: Prepare the post$-$closing trial balance for the month ended December $31,20$XX on the Post$-$Closing Trial Balance tab.

$29-$ Provide the total of the debit column from the Post Closing Trial Balance.

$30-$ Provide the balance of the Retained Earnings T$-$account after closing entries have been posted.