Based on the account balances in Exercise 6.1 and the account balances after the closing entries, prepare a postclosing trial balance for the De La Rosa Company on December 31, 20X1.

Data from Exercise 6.1

On December 31, 20X1, the ledger of De La Rosa Company contained the following account balances:

Table Summary: 

A list of account names and amounts are shown in seven rows and four columns. The list is shown in two sections, one on the left and the other on the right consisting of two columns each.

All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal page number.

Transcribed Image Text:

Cash Accounts Receivable Supplies Equipment Accumulated Depreciation $ 66,000 Rosie De La Rosa, Drawing $ 52,000 5,800 Fees Income 107,500 5,000 34,000 6,000 5,700 9,300 4,200 Depreciation Expense 52,000 Salaries Expense 5,000 Supplies Expense Accounts Payable 6,000 Telephone Expense Rosie De La Rosa, Capital 121,500 Utilities Expense