After Company XYZ completes the Financial Statement(s), it must prepare the Closing Entries. Complete the below journal entries and ledger T-accounts for the temporary for nominal) accounts to be closed. Journal (Closing Journal Entry) Ledger T-Accounts (Closing Temporary for Nominal) Accounts) 1 Close the first Temporary for Nominal Account (Hint: Close into aceholdbr account") Babil Crack 2 Close the second Temporary Cor Nominal) Accounts. Hint Close invo a placeholder accou" Chart Chat Cleak 3 Close the "placeholder account". (Hint Close into a Permanent for Real Account) Baby Creat 4 Close the third Temporary Cor Nominal Account. (Hint: Close into a Permanent for Real Account Debi Cred Ad TNB Crede hoone Statement Det SOS Cash Flow Cred Code DES 1 24 25 26 27 (Uradjusted Aduting Tow Balance Ernes Account Tele Ched Daba Cash 137000 Accuevable 0 Prepaiden Equipment Abouwted Depreciation 26.750 Salvies wat Unend Rover 25 500 Dune Cape Owner's Wahl Reverse 11110 Depreciation Lepenger op! 0 Sales Experte 47360 Rent Expense 12500 To 10 10 Net income Local To 20 31 10 101 10 10 SD 30 30 30 30 34 5 After Company XYZ completes the Financial Statement(s), it must prepare the Closing Entries. Complete the below journal entries and ledger T-accounts for the temporary for nominal) accounts to be closed. Journal (Closing Journal Entry) Ledger T-Accounts (Closing Temporary for Nominal) Accounts) 1 Close the first Temporary for Nominal Account (Hint: Close into aceholdbr account") Babil Crack 2 Close the second Temporary Cor Nominal) Accounts. Hint Close invo a placeholder accou" Chart Chat Cleak 3 Close the "placeholder account". (Hint Close into a Permanent for Real Account) Baby Creat 4 Close the third Temporary Cor Nominal Account. (Hint: Close into a Permanent for Real Account Debi Cred Ad TNB Crede hoone Statement Det SOS Cash Flow Cred Code DES 1 24 25 26 27 (Uradjusted Aduting Tow Balance Ernes Account Tele Ched Daba Cash 137000 Accuevable 0 Prepaiden Equipment Abouwted Depreciation 26.750 Salvies wat Unend Rover 25 500 Dune Cape Owner's Wahl Reverse 11110 Depreciation Lepenger op! 0 Sales Experte 47360 Rent Expense 12500 To 10 10 Net income Local To 20 31 10 101 10 10 SD 30 30 30 30 34 5