Please help me to solve this problem PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (L04-3, L04-5)ElecBooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accountsand amounts reported in its accounting records. The accounts have normal debit or credit balances Amounts in the listof accounts are rounded to the nearest dollar, Assume the year ended on September 30, 2020$ 275Accounts PayableAccounts ReceivableAccrued Liabilities209372Accumulated DepreciationCash318325Contributed Capital169Depreciation Expense358General and AdministrativeExpenses.375320Income Tax ExpenseInterest RevenueLong-Term Debt110214Other Current Assets89515Other Long-Lived AssetsOther Operating Expenses iPrepaid Expenses2151122,196Property and EquipmentRetained EarningsSelling ExpensesService Revenues1,4992,6596,549Short-Term Bank Loan494Store Operating ExpensesSupplies2,220600Deferred Revenue193Required:1-a. Prepare an adjusted trial balance at September 30, 2020ELECBOOKS CORPORATIONAdjusted Trial BalanceAt September 30, 2020DebitCreditAccount Titles< Prev4 of 4Next > 1-b. is the Retained Earnings balance of $1,499 the amount that would be reported on the balance sheet as ofSeptember 30, 2020?YesNok2. Prepare the closing entry required at September 30, 2020. Of no entry is required for a transaction/event, select"No journal entry required" in the first account field.)View transaction listJournal entry worksheetRecord the closing entry at Sep 30,2020.Note: Enter debits before credits.DateGeneral JournalSeptember30, 2020Record entryClear entry3. Prepare a post-closing trial balance at September 30, 2020.ELECBOOKS CORPORATIONPost-Closing Trial BalanceAt September 30, 2020DebitCreditnceAccount TitlesDebit CreditView general journal

The adjustment entries are prepared to adjust the revenue and expenses of the current period. The…

PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (L04-3, L04-5) ElecBooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Amounts in the list of accounts are rounded to the nearest dollar, Assume the year ended on September 30, 2020 Accounts Payable $275 209 Accounts Receivable Accrued Liabilities Accumulated Depreciation 372 318 Cash 325 Contributed Capital 169 Depreciation Expense 358 General and Administrative 375 Expenses 320 Income Tax Expense Interest Revenue Long-Term Debt Other Current Assets 110 214 89 515 Other Long-Lived Assets Other Operating Expenses i Prepaid Expenses 215 112 Property and Equipment 2,196 Retained Earnings 1,499 2,659 Selling Expenses Service Revenues Short-Term Bank Loan 6,549 494 2,220 Store Operating Expenses Supplies 600 Deferred Revenue 193 Required: 1-a. Prepare an adjusted trial balance at September 30, 2020