9.94 / 12 E Your answer is correct Prepare the closing journal entries, assuming Coronado doses its books monthly (List all debit entries before credit entries. Credit account tidles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Aug. Service Revenue 31 1 8740 Interest Income 19 Income Summary 8759 (To close revenue accounts) 2. Aug 31 Income Summary 7983 Salaries Expense 6160 Rent Expense 410 Supplies Expense 740 Depreciation Expense 218 Advertising Expense 185 Income Tax Expense 270 (To close expense accounts) 3 Aug 31 Income Summer 776 Retained Eemings 786 (To close net income/loss) Aug 31 Retained Earnings 510 Dividends Declared 510 (To transfer dividends declared) Attempts: 2 of 3 used 9.94 / 12 (82) Post the closing journal entries and calculate and enter balances. Assume Tobique closes its books monthly. (Post entries in the order of journal entries presented in the previous part. If the ending balance is O select Bal for the date and enter Ofor the normal balance for that account.) Aug 1 Bal Aug 6 Aug 13 Aug 29 Cash 6.430 Aug 1 3,110 Aug 3 3,540 Aug. 10 810 Aug 17 Aug. 24 Aug 31 4.760 370 410 3,180 1.910 2.750 510 Aug 31 Bal. 3.110 Aug 1 Bal Aug 27 Aug 31 Bal. Accounts Receivable 3,950 Aug 6 4.320 5.160 Prepaid Advertising 370 Aug 31 Adi 185 Aug 1 Aug 31 Bal 185 740 Aug. 1 Bal. Aug 22 Aug 31 Bal Supplies 1,050 Aug. 31 Adj. 730 1040 Prepaid Rent 410 Aug. 31 Adi 410 Aug 3 Aug 31 Bal. Aug 1 Bal Aug 31 Bal Note Receivable 3.800 3.800 Interest Receivable Question 1 of 1 Aug 1 Bal. Aug 31 Bal. Note Receivable 3.800 3.800 Interest Receivable 19 Aug. 1 Bal. Aug 31 Adj. Aug 31 Bal. 19 Aug. 1 Bal. Aug 15 Aug 31 Bal 38 Equipment 9.200 1.910 11.110 Accumulated Depreciation - Equipment Aug 1 Bal Aug 31 Adj Aug. 31 Bal. 2.180 218 2.398 Accounts Payable 1910 Aug 1 Bal. Aug 17 Aug 15 Aug 22 Aug 31 Bai. 2.130 1.910 730 2.860 Aug 10 Salaries Payable 1420 Aug 1 Bal Aug 31 Adi Aug. 31 Bal Income Tax Payable Aug 31 Adj Aug 31 Bal. 1.440 1.670 1.670 270 270 Aug 31 Adi Deferred Revenue 880 Aug 1 Bal Aug 29 Aug 31 Bal Common Shares Aug 1 Bal Ang Rai 1.330 810 1.260 12.700 12 700 Question 1 of 1 Aug 1 Bal. 4,669 Dividend Declared Aug 31 510 Service Revenue Aug 13 Aug. 27 Aug 31 Adj Aug 31 Bal 3540 4320 880 8.740 Interest Income Aug 31 Adj. 19 Aug. 10 Aug 24 Aug 31 Adi Salaries Expense 1740 2.750 1670 Aug 31 Bal 6.160 Rent Expense Aug 31 Adi 410 Supplies Expense Question 1 of 1 Rent Expense Aug 31 Adi 410 Supplies Expense Aug 31 Adi 740 Depreciation Expense Aug 31 Adi 218 w Income Tax Expense Aug 31 Adj. 270 Advertising Expense Aug 31 Adj 185 Income Summary