E4-7 Emil Skoda Company had the following adjusted trial balance.
| Emil Skoda Company | ||
| Adjusted Trial Balance | ||
| For the Month Ended June 30, 2008 | ||
| 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, 2008.
(b) Prepare a post-closing trial balance.
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