1. Prepare the four closing entries.

Record to close revenue to the income summary.

Record to close expense accounts to income summary.

Record to close income summary to capital.

Record to close withdrawals to capital.

Credit $ 7,350 The adjusted trial balance at April 30, 2020, for Zhang Co. follows. Debit 101 Cash $ 2,790 106 Accounts receivable 7,600 153 Trucks 21,500 154 Accumulated depreciation, trucks 193 Franchise 12,300 201 Accounts payable 209 Salaries payable 233 Unearned revenue 301 Angel Zhang, capital 302 Angel Zhang, withdrawals 8,700 401 Plumbing revenue 611 Depreciation expense, trucks 4,000 622 Salaries expense 16,900 640 Rent expense 2,100 677 Advertising expense 6,000 901 Income summary Totals $81,800 8,700 2,300 1,200 24,700 37,550 $ 81,800 1. Prepare the four closing entries