The June 30, 2012, adjusted trial balance of Vanilla Vibe, Inc., is shown next.

Requirements
1. Prepare the June closing entries for Vanilla Vibe, Inc.
2. Calculate the ending balance in Retained Earnings.
3. Prepare a post-closing trialbalance.

Transcribed Image Text:

Vanilla Vibe, Inc. Adjusted Trial Balance June 30,2012 ACCOUNT Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Unearned Service Revenue Salaries Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Interest Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Utilities Expense Supplies Expense Total | DEBIT- CREDIT $ 5,000 15,000 2,200 150 28,000 S 3,800 5,200 1,400 1,700 9,000 6,850 9,900 6,000 43.000 500 16,200 5,600 2,000 750 450 $81350$81,350