Question: Preparing an Adjusted Trial Balance, Closing Journal Entries, and Post-Closing Trial Balance Dell is the world's largest computer systems company selling directly to customers. The following is a list of adjusted accounts and amounts reported for a recent fiscal year ended February 3. The accounts have normal debit or credit balances and the dollars are rounded to the nearest million.
Required: 1. Prepare an adjusted trial balance at February 3, 2009. Is the Dell Owners' Capital balance of $9,174 the amount that would be reported on the balance sheet as of February 3, 2009?
2. Prepare the closing entries required at February 3, 2009.
3. Prepare a post-closing trial balance at February 3, 2009.