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Question(s) / Instruction(s):

The following adjusted trial balance contains the accounts and balances of Showers Company as of December 31, 2011, the end of its fiscal year.

  No.       Account Title                                                     Debit                                                     Credit

  101         Cash                                                                    $18,000                                                                  

  126         Supplies                                                            13,500                                                   

  128         Prepaid insurance                                         2,000                                                      

  167         Equipment                                                       23,000                                                   

  168         Accumulated depreciation—Equipment                                                             $6,500   

  301         R. Showers, Capital                                                                                                      47,990   

  302         R. Showers, Withdrawals                           6,000                                                      

  404         Services revenue                                                                                                          36,400   

  612         Depreciation expense—Equipment      2,000                                                     

  622         Salaries expense                                           21,221                                                   

  637         Insurance expense                                      1,529                                                      

  640         Rent expense                                                 2,439                                                      

  652         Supplies expense                                         1,201

 Totals                                                                                   $90,890                                                 $90,890

Required:

(1)          Prepare the December 31, 2011, closing entries for Showers Company.

(2)          Prepare the December 31, 2011, post-closing trial balance for Showers Company.

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