24)

On December 31, Moore Company had the following adjusted trial balance: Account Titles Debit Credit Cash 13,980 Accounts Receivable 8,520 Prepaid Rent 5,500 Equipment 35,600 Accumulated Depreciation 9,700 Accounts Payable 19,930 Capital Stock 23,300 Retained Earnings 20,000 Dividends 13,800 Sales 69,000 Sales Discounts 730 Sales Returns and Allowances 1,600 Cost of Goods Sold 41,400 10,800 Selling Expenses General and Administrative Expenses 10,000 141,930 141,930 Required Prepare the first closing entry to close the revenue accounts to Income Summary. Date Account Title Debit Credit G