The adjusted trial balance of Lanza Company at the end of its fiscal year is as follows:

(a) Prepare the closing entries using page J15.
(b) Post to Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.)
(c) Prepare a postclosing trial balance on July 31.
(d) Prepare an income statement and a retained earnings statement for the year ended July 31, 2008. There were no issuances of stock during the year.
(e) Prepare a classified balance sheet on July31.

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LANZA COMPANY Adjusted Trial Balance July 31, 2008 Debits S 14,840 15,900 Account Titles Credits 101 112 Accounts Receivable 157 Equipment 167 201 Accumulated Depreciation S 5.400 Unearned Rent Revenue Common Stock 311 25.200 16,000 Commission Revenue 67,000 4,000 55,700 14,900 Depreciation Expense 720 Salaries Expense 732 Utilities Expense $130,120 $130,120