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3-Foster's Deck Repair has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the
3-Foster's Deck Repair has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of December and create the post-closing trial balance. Foster's Deck Repair Adjusted Trial Balance December 31, 2019 Account Titles DR CR Cash $8,550 Accounts Receivable $2,830 Prepaid Insurance $2,130 Prepaid Rent $1,390 Equipment $23,170 Accumulated Depreciation $1,650 Accounts Payable $3,740 Interest Payable Unearned Revenue $110 $2,280 Bank Loan $5,850 Foster, Capital $22,640 Foster, Withdrawals $3,310 Service Revenue $9,110 Depreciation Expense $190 Insurance Expense $160 Interest Expense $110 Rent Expense $1,130 Salaries Expense $2,250 Telephone Expense $160 Total $45,380 $45,380 Do not enter dollar signs or commas in the input boxes. When closing accounts, use the income summary method
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