This exercise continues the Sherman Lawn Service situation from Exercise 3-42 of Chapter...

This exercise continues the Sherman Lawn Service situation from Exercise 3-42 of Chapter 3. Start from the posted T-accounts and the adjusted trial balance for Sherman Lawn Service prepared for the company at August 31:

1. Complete the accounting work sheet at August 31.

2. Journalize and post the closing entries at August 31. Denote each closing amount as Clo and an account balance as Bal.