The following is a list of accounts and their balances (all normal balances) as of July 31, 2018 for Ling Chan Inc. All adjusting entries have been prepared and posted. Note that the list is in random order. 
InstructionsPrepare the closing journal entries required.
Definitions:
Empowerment
The process of giving individuals control, resources, information, and responsibility to make decisions and contributions within their roles.
Job Satisfaction
A positive emotional state resulting from the appraisal of one's job or job experiences.
Expert Power
The influence one can exert over others due to special skills, knowledge, or expertise in a particular area.
Influence Tactics
Strategies or approaches used to persuade or direct others' behavior in order to achieve one's objectives.
Q6: The inventory cost formula that results in
Q8: The purpose of an adjusted trial balance
Q12: The net amount expected to be received
Q14: If a journal entry is posted twice,
Q28: Ratched Limited purchased a new computer system
Q48: Ending inventory at July 31 is<br>A) $2,330.<br>B)
Q53: ARPAnet is a browser.
Q56: Which of the following is not a
Q83: Which of the following is not considered
Q96: What is the debt to total assets?<br>A)