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Attached are 3 screen shots of the question im stuck at. Please explain or help me solve it. The screen shot displays the questions and

Attached are 3 screen shots of the question im stuck at. Please explain or help me solve it. The screen shot displays the questions and instructions. Some of the attached screen shots contexts overlaps one another. Thank you in advance.

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'' Accounting Cycle Tutorial 9 Step 9: Closing Entries 0 O O 0 (9 Journalize and post to ledger a Glossaly leHINT l7 Activity 3.c - Post to the ledger. 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 Debit Credit Dec. 31 Sen/ice Revenue 50,000 Dec. 31 Income Summary 23,000 Income Summary 50,000 Bright, Capital 23,000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Bright, Capital 24,000 Dec. 31 Income Summary 27,000 Bright, Withdrawals 24,000 Depreciation Expense-Furniture 4,000 To close Withdrawals Interest Expense 6,000 Rent Expense 2,000 Salaries Expense 5,000 Supplies Expense 10,000 To close Expenses Depreciation Expense-Furniture Rent Expense ' \fBal 24000 V 50000 Bal V Interest Expense Salaries Expense Adj. Bal. 6,000 6000 Bal Adj. Bal. 5,000 5000 Bal Bal V 6000 Bal. V 5000 Bright, Capital Income Summary Bal. 26000 26,000 Adj. Bal. Bal. V Bal. 26000 Bal. Bal 26000 Bal. Bal. V Bal V Supplies Expense Adj. Bal. 10,000 10000 Bal. Bal 10000 CHECK ANSWER & RESET Something still needs to be fixed. Check your work and try again. Privacy Policy Copyright @ 2020 Pearson Education

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