The adjusted trial balance for Hercules Company is presented below.

Instructions
(a) Prepare the closing entries.
(b) Prepare T accounts for the accounts affected by the closing entries. Post the closing entries.
(c) Prepare a post-closing trial balance at August 31, 2017.

Transcribed Image Text:

HERCULES COMPANY Adjusted Trial Balance August 31, 2017 Credit Accumulated depreciation-equipment 12,000 Depreciation expense