A1 M B. NOP 3 4 C D E F G H I J K GENERAL LEDGER - ACCOUNTS INVOLVED WITH THE CLOSING PROCESS SERVICE REVENUE ADVERTISING EXPENSE Explanation Debit Credit Balance Date Explanation Debit Credit Adjusted Bal 1,800 1,800 X/X Adjusted Bal 60 Date Balance 60 5 6 7 8 9 10 11 12 13 INSURANCE EXPENSE Explanation Credit Adjusted Bal 80 Date 12/31 Debit Balance 80 Date WAGES EXPENSE Explanation Adjusted at 300 Debit Credit Balance 300 UTILITIES EXPENSE Explanation Debit Adjusted Bal 80 Date X/X Credit Balance 80 15 16 17 18 13 20 21 22 23 24 25 26 27 28 29 30 31 32 Date DEPRECIATION EXPENSE Explanation Debit Credit Adjusted Bal 150 Balance 150 12/31 INCOME SUMMARY Explanation Debit Credit Date Balance Sheet1 Sheet2 Sheets Read Font Alignment Clipboard AI G 1 F H M NOP 300 K 300 DE B Adjusted Bal Credit Date UTILITIES EXPENSE Explanation Debit Adjusted Bal 80 Balance 80 Date 12/31 DEPRECIATION EXPENSE Explanation Debit Credit Adjusted Bal. 150 Balance 150 INCOME SUMMARY Explanation Debit Credit Balance Date 17 18 3 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 SMITH, CAPITAL Explanation Debit Beg. Bal Date 1/1 Credit Balance 1,000 Balance Date X/X SMITH, WITHDRAWALS Explanation Debit Credit Adjusted Bal. 500 500 Sheet1 Sheet2 Sheet3 G F M H D E SMITH, WITHDRAWALS Explanation Debit Credit Adjusted Bal 500 Balance 500 B 41 42 Date 43 xx 44 45 46 47 48 31-Dec 49 50 51 31-Dec 52 CLOSING JOURNAL ENTRIES - Post them to the general ledger accounts above. 53 54 55 56 57 58 31-Dec 59 60 61 31-Dec 62 64 65 Page 4-40 - E-F:4-22Stone Sign Company - Make the Closing Entries from the adjusted trial balance given. A1 B DE F G H I M NOP CLOSING JOURNAL ENTRIES 67 68 69 31-Dec 70 71 72 31-Dec 73 74 75 76 77 78 79 31-Dec 80 81 82 31-Dec 83 84 85 Sheet1 Sheet2 Sheeta Ready Type here to search O EM A1 X K M J NO P B C D E F G H CLOSING JOURNAL ENTRIES 89 90 91 31-Dec 92 93 94 31-Dec 95 96 97 98 99 100 101 102 31-Dec 103 104 105 31. Dec 106 107 Sheet1 Sheet2 Sheet Ready Type here to search O RA