adjusted trail balance ;

input adjusted trail balance into closing journal entries

Adjusted inal Balance End of Month Account Debit Credit Cash 5,610 Inventory 1,400 Prepaid Insurance 250 Supplies 40 Refrigerator 500 Cash Register 300 Lemon Juicer 150 Accounts Payable 4,000 Wages Payable 400 Notes Payable 500 Common Stock 1,000 Sales Revenue 6,850 Cost of Goods Sold 3,000 Wages Expense 400 Insurance Expense 50 Supplies Expense 50 Utilities Expense 100 Rent Expense 900 Total 12,750 12.750 59F - Record Closing Journal Entries 3.0 points possible (graded) Record closing entries for your lemonade shop on May 31. Commas will automatically populate for numerical answers. Do not include dollar signs or decimals in your amounts Note: There are no dividends, therefore, there is no fourth closing entry. Debit Credit Close revenues to the Income Summary account. Date Account dhe Sales Revenue Close expenses to the Income Summary account. List expenses in the same order as seen on the Adjusted Trial Balance Date Account Debit Credit Income Summary Cost of Goods Sold Wages Expense Insurance Expense Supplies Expense Utilities Expense Close the Income Summary account to Retained Earnings. Date Account Debit Credit