prepare a post closing trial balance 581557

Emil Skoda Company had the following adjusted trial balance.

EMIL SKODA COMPANY

Adjusted Trial Balance

For the Month Ended June 30, 2011

Adjusted Trial Balance

Account Titles

Debits

Credits

Cash

$ 3,712

Accounts Receivable

3,904

Supplies

480

Accounts Payable

$ 1,792

Unearned Revenue

160

Common Stock

5,000

Retained Earnings

760

Dividends

300

Service Revenue

4,064

Salaries Expense

1,344

Miscellaneous Expense

256

Supplies Expense

2,228

Salaries Payable

448

$12,224

$12,224

Instructions

(a) Prepare closing entries at June 30, 2011.

(b) Prepare a post closing trial balance.