Plevin Company ended its fiscal year on July 31, 2019. The company’s adjusted trial balance as of the end of its fiscal year is shown below.

Plevin Company ended its fiscal year on July 31, 2019. The company’s adjusted trial balance as of the end of its fiscal year is shown below.

Plevin Company Adjusted Trial Balance July 31, 2019
No.		Account Titles		Debit		Credit
101		Cash		$9,840
112		Accounts Receivable		8,780
157		Equipment		15,900
158		Accumulated Depreciation—Equip.				$7,400
201		Accounts Payable				4,220
208		Unearned Rent Revenue				1,800
311		Common Stock				20,000
320		Retained Earnings				25,200
332		Dividends		16,000
400		Service Revenue				64,000
429		Rent Revenue				6,500
711		Depreciation Expense		8,000
726		Salaries and Wages Expense		55,700
732		Utilities Expense		14,900
				$129,120		$129,120

Prepare the closing entries.

 
Post to the Retained Earnings and Income Summary accounts.

 

Prepare a post-closing trial balance at July 31.