Purrfect Pet provides pet grooming and boarding services for domestic cats. The company has been in existence for 12 years. At December 31, 2016, Purrfect Pet's adjusted trial balance is as follows:
A. Prepare closing entries in journal entry form.
B. After Purrfect Pet's closing entries are posted, what is the balance in the Retained Earnings account?
C. Prepare Purrfect Pet's post-closing trial balance.

Question

Purrfect Pet provides pet grooming and boarding services for domestic cats. The company has been in existence for 12 years. At December 31, 2016, Purrfect Pet's adjusted trial balance is as follows:
  A. Prepare closing entries in journal entry form.
B. After Purrfect Pet's closing entries are posted, what is the balance in the Retained Earnings account?
C. Prepare Purrfect Pet's post-closing trial balance.

Quizplus · Accepted Answer

The Answer of Purrfect Pet provides pet grooming and boarding services for domestic cats. The company has been in existence for 12 years. At December 31, 2016, Purrfect Pet's adjusted trial balance is as follows:
  A. Prepare closing entries in journal entry form.
B. After Purrfect Pet's closing entries are posted, what is the balance in the Retained Earnings account?
C. Prepare Purrfect Pet's post-closing trial balance.

Purrfect Pet Provides Pet Grooming and Boarding Services for Domestic