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Question - Blossom Company had the following adjusted trial balance.
Blossom Company Adjusted Trial Balance For the Month Ended June 30, 2020
Account titles
Adjusted trial balance
Debit
Credit
Cash
$3,500
Accounts Receivable
3,700
Supplies
400
Accounts Payable
$1,500
Unearned Service Revenue
100
Owner's Capital
4,100
Owner's Drawings
Service Revenue
5,000
Salaries and Wages Expense
1,200
Miscellaneous Expense
200
Supplies Expense
1,700
Salaries and Wages Payable
$11,100
Required -
1. How do you prepare closing entries at June 30, 2020?
2. How do you prepare post-closing trial balance?
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