Bal. 0 Bright, Capital Income Summary 22000 47,000 Adj. Bal 23000 23000 Supplies Expense Adj. Bal. 10,000 0 Depreciation Expense-Furniture Rent Expense Adj. Bal. 4,000 4000 Adj. Bal. 2,000 Bal. 0 Bal. 0 Bright, Withdrawals Service Revenue Adj, Bal. 22,000 22000 50,000 Adj. Bal. 0 Interest Expense Salaries Expense Adj. Bal. 6,000 6000 Adj. Bal. 5,000 5000 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 Service 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 Dec. 31 Income Summary 27,000 4,000 Depreciation Expense-Furniture interest Expense Rent Expense Salaries Expense Supplies Expense Bright, Withdrawals 22,000 To close Withdrawals 6,000 2,000 5,000 10,000 To close Expenses