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Chart of ndominiums and furnishings. Below is the adjusted trial alance at December 31. Refer to the Chart of Accounts for act wording of account

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Chart of ndominiums and furnishings. Below is the adjusted trial alance at December 31. Refer to the Chart of Accounts for act wording of account titles. CHART OF ACCOUNTS Rebert Evans General Ledger Prepare the closing entry required to transfer the income or loss at December 31. Refer to the Chart of Accounts for exact wording of account titles PAGE1 Robert Evans ADJUSTED TRIAL BALANCE December 31, 20 ASSETS 11 Cash 12 Accounts 1 Rent Fees Eamed RET DEBIT CREDIT DATE ACCOUNT TITLE CREDIT 42 Fumiture Rental 150000 13 Interest Revenue 14 Prepaic 3 Interest Pepaid Insurance Insurance 15 Notes 800.00 15,000D0 EXPENSES 6 Equipment 7 Accumulated Depreciuation 16 Equipment 17 Accumulated 1 Wages Depreciation 52 Depreciation Accounts Payable 9 Accrued Expernes Payable Income Taxes Payable 1 Uneamed Rent Fees 12Robert Evans, Capital 40000 1,92000 2,700.00 00.00 700.00 LIABILITIES 53 Utities 21 Accounts 54 Insurance 55 Maimenance 56 Income Tax 22 Accrued $0000 Experses Payable 4 Rent Fees Earned 15 Furniture Rental Revenu 6 Interest Revenue 17 Wages Expee 23 Incorne Taxes Payable 1900000 24 Uneamed Rent Fees Depreciarion Expense 9Unlities Expese 0isurance Expense LQUITY 31 Robert Hainesance Expense 22 Income Tax Expense 3 Totals 32 Robert Evans, Drawing 33 Inoome 52000 58S70.00 Prepare the closing entry required to transfer the income or loss at the end of the period. Refer to the Chart of Accounts for exact wording of account

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