canon ACT - Sole Proprietorship - Google Chrome act.pearsoncmg.com/activity/9/3/3 Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec 31 Service Revenue 100.000 Dec 31 Income Summary 46.000 Income Summary 100.000 Bright Capital $5,000 To close Revenue To close Income Summary Date Debit Credit Date Debit Credit Accounts and Explanation Bright Capital Accounts and Explanation Income Summary Dec. 31 19.000 Dec. 31 54,000 Bright Withdrawal 19.000 9.000 Depreciation Expense-Furniture Interest pense To close Withdrawal 12.000 Rent Expense 5.000 Sestupene 10.000 Supplies Dipense 18.000 To cose Expenses Depreciation Expense-Furniture Rent Expense 9.000 Adj. Bol 5.000 5000 Bright Withdrawal Service Revenue . Type here to search act.pearsoncmg.com/activity/9/3/3 Bright Withdrawals Service Revenue Adj. Bal 19.000 19000 10000 100,000 Adj. Bal. Interest Expense Salaries Expense Adj. Bal 12,000 12000 Adj. Bal 10,000 10000 Bright, Capital Income Summary 33000 33.000 Adja Supplies Expense 18.000 18000 In het Adj. Bal 12.000 12000 Adj. Bal 10,000 10000 Bright Capital Income Summary 33000 33.000 Adj. Bal Supplies Expense Adj. Bal 18.000 18000 CHECK ANSWER RESET O incorrect. Try reviewing the Hint to better understand the goal of this activity. Privacy Policy C2020 Pearson Education 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 Credit Date Accounts and explanation Service Revenue Debit Credit Debit 100.000 Dec. 31 Dec. 31 Accounts and Explanation Income Summary Bright Capital 45.000 Income Summary 100.000 To close Revenue To close Income Summary Date Deb Credit Date Debit Credit Accounts and Explanation Dr. Capital Accounts and Explanation income Summary Dec. al 10.000 Dec.31 54000 Bright Withdrawal 19.000 Depreciation Expense Furniture 90000 To dove withdrawal interest Expense 12.000 Rent Expense 5.000 Salaries Expense 107000 Supplies Expert 18.000 To close Expenses Depreciation Expense-Furniture Rent Expense canon ACT - Sole Proprietorship - Google Chrome act.pearsoncmg.com/activity/9/3/3 Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec 31 Service Revenue 100.000 Dec 31 Income Summary 46.000 Income Summary 100.000 Bright Capital $5,000 To close Revenue To close Income Summary Date Debit Credit Date Debit Credit Accounts and Explanation Bright Capital Accounts and Explanation Income Summary Dec. 31 19.000 Dec. 31 54,000 Bright Withdrawal 19.000 9.000 Depreciation Expense-Furniture Interest pense To close Withdrawal 12.000 Rent Expense 5.000 Sestupene 10.000 Supplies Dipense 18.000 To cose Expenses Depreciation Expense-Furniture Rent Expense 9.000 Adj. Bol 5.000 5000 Bright Withdrawal Service Revenue . Type here to search act.pearsoncmg.com/activity/9/3/3 Bright Withdrawals Service Revenue Adj. Bal 19.000 19000 10000 100,000 Adj. Bal. Interest Expense Salaries Expense Adj. Bal 12,000 12000 Adj. Bal 10,000 10000 Bright, Capital Income Summary 33000 33.000 Adja Supplies Expense 18.000 18000 In het Adj. Bal 12.000 12000 Adj. Bal 10,000 10000 Bright Capital Income Summary 33000 33.000 Adj. Bal Supplies Expense Adj. Bal 18.000 18000 CHECK ANSWER RESET O incorrect. Try reviewing the Hint to better understand the goal of this activity. Privacy Policy C2020 Pearson Education 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 Credit Date Accounts and explanation Service Revenue Debit Credit Debit 100.000 Dec. 31 Dec. 31 Accounts and Explanation Income Summary Bright Capital 45.000 Income Summary 100.000 To close Revenue To close Income Summary Date Deb Credit Date Debit Credit Accounts and Explanation Dr. Capital Accounts and Explanation income Summary Dec. al 10.000 Dec.31 54000 Bright Withdrawal 19.000 Depreciation Expense Furniture 90000 To dove withdrawal interest Expense 12.000 Rent Expense 5.000 Salaries Expense 107000 Supplies Expert 18.000 To close Expenses Depreciation Expense-Furniture Rent Expense