Apachi Company ended its fiscal year on July 31, 2010. The company adjusted trial balance as of the end of its fiscal year is as shown at the top of page 182.
(a) Prepare the closing entries using page J15.
(b) Post to B. J. Apachi, Capital and No. 350 Income Summary accounts. (Use the three-column form.)
(c) Prepare a post-closing trial balance at July31