Activity 3.c - Post to the ledger. T-account have been opened using the balances from the adjustment trial balance. Post the closing entrues to the t-accounts and calculate ending balances for each account.

T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. Date Accounts and Explanation Debit Credit Date Accounts and Explanation Credit Dec 31 Service Revenue Debit 23,000 50,000 Dec 31 Income Summary Income Summary 50,000 Retained Earnings 23,000 To dose Revenue To dose Income Summary Date Accounts and Explanation Debit Credit Date Accounts and explanation Credit Dec. 31 Debit 27,000 Roland Earnings 15.000 Dec 31 Income Summary Dividends 15.000 Depreciation Expense Furniture 4,000 To close Dividends Interest Expense 6.000 Rent Expense 2.000. Sales Expense 5.000 Supplies Experde 10,000 To close Expenses Dividends Service Revenue Adi. Bal 15,000 15,000 50,000 50,000 Adj. Bal BA Interest Expense Salaries Expense Adj. Bal 6,000 6,000 5,000 5,000 Retained Earnings Income Summary 48.000 Adj. Bal