No. 320 Dividends No. 332 Income Summary No. 350 Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No. 711 Insurance Expense No. 722 Prepare a retained earnings statement. (List items that increase retained earnings first.) Post the closing entries and balance the accounts. (Post entries in the order of journai entries presented in the previous part) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.) Prepare a classified statement of financial position. (List Current Assets in the reverse order of liquidity.) Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e 8.45 or parentheses e.g. (To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends) Post the closing entries and balance the accounts. (Post entries in the order of journal entries presented in the previous part). Current Attempt in Progress The completed financial statement columns of the worksheet for Kingbird Music are shown as follows (amounts in NT\$). Prepare the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles and enter 0 for the amounts.) Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201 212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200 4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908 Question 4 of 5 (1) 124 Equity and Liabilities NT\$ NT\$ NT\$.

1. No. 320 Dividends No. 332 Income Summary No. 350
Service Revenue No. 400 Maintenance and Repairs Expense No. 622 Depreciation Expense No.
711 Insurance Expense No. 722
Prepare a retained earnings statement. (List items that increase retained earnings first.)
Post the closing entries and balance the accounts. (Post entries in the order of journai entries
presented in the previous part)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e.g. -45 or parentheses e.g. (45).)

2. Prepare a post-closing trial balance. (Do not list those accounts that have zero ending balance.)
Prepare a classified statement of financial position. (List Current Assets in the reverse order of
liquidity.)
Prepare an income statement. (Enter negative amounts using either a negative sign preceding the
number e 8.45 or parentheses e.g.
(To close expense accounts) Dec. 31 (To close net income / (loss)) Dec. 31 (To close dividends)
Post the closing entries and balance the accounts. (Post entries in the order of journal entries
presented in the previous part).
Current Attempt in Progress The completed financial statement columns of the worksheet for
Kingbird Music are shown as follows (amounts in NT$).
Prepare the closing entries. (Credit account titles are automatically indented when amount is
entered. Do not indent manually. If no entr) is required, select "No Entry" for the account titles
and enter 0 for the amounts.)
Question 4 of 5 (1) 124 112 Accounts Receivable 130 Prepaid Insurance 157 Equipment 158 201
212 311 320 332 400 622 711 722 722 726 726 732 Accumulated Depreciation-Equip. Accounts
Payable Salaries and Wages Payable Share Capital-Ordinary Retained Earnings Dividends
Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense
Salaries and Wages Expense Utilities Expense 11,664 3,024 25,920 4,536 9,720 2,592 16,200
4,860 11,880 64,800 1,836 3,024 1,944 32,400 1,512 Totals 40,71664,800 61,992 37,908
Question 4 of 5 (1) 124 Equity and Liabilities NT$ NT$ NT$