The April 30, 2016, adjusted trial balance of The Grind Finale, Inc., is shown next.

Requirements
1. Prepare the April closing entries for The Grind Finale, Inc.
2. Calculate the ending balance in Retained Earnings.
3. Prepare a post-closing trial balance?

Transcribed Image Text:

The Grind Finale, Ino. Adjusted Trial Balance April 30, 2016 ACCOUNT Cash DEBIT CREDIT $ 5,600 Accounts Receivable 700 2,300 450 35,000 Prepaid Rent Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Service Revenue $ 2,700 900 300 Salaries Payable Notes Payable Common Stock 525 4,000 8,500 Retained Earnings Dividends Service Revenue 19,355 4,500 41,800 Interest Revenue 185 Salaries Expense Rent Expense Depreciation Expense, Equipment Utilities Expense Supplies Expense 21,900 5,500 1,650 415 250 $78.265 $78,265 Total