The September 30, 2015, adjusted trial balance of Java Jolt, Inc. is shown next.

Requirements
1. Prepare the September closing entries for Java Jolt, Inc.
2. Calculate the ending balance in retained earnings.
3. Prepare a post-closing trial balance.

Transcribed Image Text:

Java Jolt, Inc. Adjusted Trial Balance September 30, 2015 ACCOUNT DEBIT CREDIT $ 5,800 Cash Accounts Receivable 7,000 Prepaid Rent Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable 2,300 300 30,000 $ 3,800 3,000 1,900 1,400 10,000 3,100 11,200 Unearned Service Revenue Salaries Payable Notes Payable Common Shares Retained Earnings Dividends 4,000 Service Revenue 41,000 1,000 Interest Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Utilities Expense Supplies Expense 18,500 5,400 1,700 800 600 Total $76,400 $76,400