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The adjusted trial balance columns of the worksheet for Alshwer Company, owned by M. Alshwer, are as follows.

ALSHWER COMPANY Worksheet For the Year Ended December 31, 2014
		Adjusted Trial Balance
Account No.	Account Titles	Dr.	Cr.
101	Cash	5,101
112	Accounts Receivable	10,736
126	Supplies	1,771
130	Prepaid Insurance	2,097
151	Equipment	27,320
152	Accumulated Depreciation—Equipment		5,188
200	Notes Payable		14,900
201	Accounts Payable		6,223
212	Salaries and Wages Payable		2,425
230	Interest Payable		513
301	Owner’s Capital		13,212
306	Owner’s Drawings	7,102
400	Service Revenue		60,529
610	Advertising Expense	8,017
631	Supplies Expense	4,198
711	Depreciation Expense	5,188
722	Insurance Expense	3,140
726	Salaries and Wages Expense	27,807
905	Interest Expense	513
	Totals	102,990	102,990

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Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	(To close revenue account.)
Dec. 31	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	(To close expense accounts.)
Dec. 31	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	(To close net income / (loss).)
Dec. 31	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	(To close drawings.)

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Post the closing entries. (Post entries in the order of journal entries presented in the previous part.)

Owner’s Capital					No. 301
Date	Explanation	Ref	Debit	Credit	Balance
Jan. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Owner’s Drawings					No. 306
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Income Summary					No. 350
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Service Revenue					No. 400
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Advertising Expense					No. 610
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Supplies Expense					No. 631
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Depreciation Expense					No. 711
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Insurance Expense					No. 722
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Salaries and Wages Expense					No. 726
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

Interest Expense					No. 905
Date	Explanation	Ref	Debit	Credit	Balance
Dec. 31	Balance	√	[removed]	[removed]	[removed]
Dec. 31	Closing entry	J14	[removed]	[removed]	[removed]

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Prepare a post-closing trial balance.

ALSHWER COMPANY Post-Closing Trial Balance December 31, 2014
	Debit	Credit
[removed]	$[removed]	$[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
[removed]	[removed]	[removed]
Totals	$[removed]	$[removed]