The account balances alphabetically listed below are for Furst Company as of December 31, 2013. These balances include the effect of adjusting entries. 
Required:
a) Prepare an adjusted trial balance for Furst Company.
b) Prepare journal entries for Furst's closing entries for the year.
c) Prepare an income statement for Furst Company for 2013.
d) What was the balance in Retained Earnings after the closing entries had been made and posted?
Definitions:
Q41: Describe the purpose of the closing process.
Q52: As of December 31, 2013, Bloch Company
Q59: If prices are rising, which inventory cost
Q65: Frank Co. paid $45 of freight cost
Q67: What effect does the recording of revenue
Q87: Explain the computation and the meaning of
Q96: Debits decrease asset accounts.
Q106: Suppose that this equation for a straight
Q128: George Company was started on January 1,
Q132: Which of the following events would not