Supplies Expense 10,000 Adj. Bal. Bal, CHECK ANSWER 10000 SKIP TO NEXT Privacy Policy Copyright © 202 Na Bal. Adj. Bal. Bal Bal Bal. Salaries Expense 5,000 Income Summary 5000 Bal. OXIMO PACT-Coptions-Ope at panong.com/ac Adj. Bal Bal Interest Expense 6,000 Retained Earnings 31000 6000 31,000 Adj. Bal. Ad, Bal Bal Bal Salaries Expense 5,000 50 Income Summary Adj. Bal. Bal. R Rent Expense 2,000 Service Revenue 50000 2000 50,000 Adj. Bal. Bal Adj. Bal. Bal, Adj. Bal. Bal. Depreciation Expense--Furniture 4,000 4000 23000 Dividends 20,000 20000 D Adj. Bal. Bal. R 50 Debit 50,000 Debit $20,000 g.com/ Credit 50,000 Credit 20,000 Date Dec. 31 Date Dec. 31 Accounts and Explanation Income Summary Retained Earnings To close Income Summary Accounts and Explanation Depreciation Expense-Furniture - Interest Expense Rent Expense Salaries Expense Supplies Expense Income Summary Torlose Expenses Debit 23.000 Debit 27,000 Credit 23,000 Credit 4,000 6,000 2,000 5,000 10,000 OP WO TAM Date Dec. 31 Date Dec. 31 Accounts and Explanation Income Summary Service Revenue To close Revenue Accounts and Explanation Retained Earnings Dividends To close Dividends Debit 50,000 Debit 20,000 Credit 50,000 Credit 20,000 Date: Dec. 31 Date Dec. 31 Activity to Post to the leg T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal, references where appropriate. For the income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. UPV PRINT Per ACT-Co-Oper pag.com/ Actory Potter the ledger T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal references where appropriate. For the income Summary account, calculate and enter the Balance (Bal) before posting the entry to close out the account. De Sale and O wy De ba Hel Apatin p 45 He HINT