Closing Entries and then there's only one more left. Thank you!

In this stage of the accounting cycle, you are asked to record closing entries in the general journal and then post them to the general ledger accounts. This step must be completed to prepare the accounts for the next accounting period. Instructions for closing entries 1)Record closing entries in the general journal. 2)Post the closing entries from the general journal to the relevant general ledger accounts 3)Record the final closing balance of each ledger account in the PostClosing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the PostClosing Balance row must still be filled out in order receive full points. BackOnTrack functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Remember: Enter all answers to the nearest whole dollar. You are also required to apply the Journals and ledgers instructions provided in previous weeks. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. Show AllSpecial JournalsGeneral JournalSubsidiary LedgersGeneral Ledger GENERAL JOURNAL Date Account and Explanation Jun 30 Income Summary (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (select) (Closing entry to debit the Income Summary account) Jun 30 (select) Post Ref. Debit Credit (select) (select) (select) (select) (select) Income Summary (Closing entry to credit the Income Summary account) Jun 30 (To close the balance of the Income Summary account) (Q=958301.RetainedProfits_ClosingEntries) GENERAL LEDGER Account: Retained Earnings Account No. 301 Date Description May 31Balance Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 131,445 CR Post-Closing Balance (Q=958310.ProfitAndLossSummary_ClosingEntries) Account: Income Summary Account No. 310 Date Description May 31Balance Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 0 Post-Closing Balance (Q=958400.SalesRevenue_ClosingEntries) Account: Sales Revenue Account No. 400 Date Description May 31Balance Jun 30Total from sales journal Total from cash receipts Jun 30 journal Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance SJ 68,576 0 68,576 CR CRJ 45,280 113,856 CR Jun 30 Post-Closing Balance (Q=958401.SalesReturnsAndAllowances_ClosingEntries) Account: Sales Returns and Allowances Account No. 401 Date Description May 31Balance Sales return from Croquet and Jun 20 Cricket Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 0 GJ 656 656 DR Post-Closing Balance (Q=958402.SalesDisc_ClosingEntries) Account: Sales Discounts Account No. 402 Date Description May 31Balance Total from cash receipts Jun 30 journal Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 0 CRJ 265 265 DR Post-Closing Balance (Q=958403.InterestRevenue_ClosingEntries) Account: Interest Revenue Account No. 403 Date Description May 31Balance Interest received from the Jun 30 bank Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 0 GJ 600 600 CR Post-Closing Balance (Q=958500.CostOfSales_ClosingEntries) Account: Cost of Goods Sold Account No. 500 Date Description May 31Balance Sales return from Croquet and Jun 20 Cricket Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30 Jun 30 Ref. Debit Credit Balance 0 GJ SJ CRJ 368 37,760 23,384 368 CR 37,392 DR 60,776 DR Jun 30 Jun 30 Post-Closing Balance (Q=958511.AdvertisingExpense_ClosingEntries) Account: Advertising Expense Account No. 511 Date Description May 31Balance Jun 30Benefits consumed Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 3,000 DR 3,000 Post-Closing Balance (Q=958516.WagesExpense_ClosingEntries) Account: Wages Expense Account No. 516 Date Description May 31Balance Total from cash payments Jun 30 journal Jun 30Accrued wages expense Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit Balance 0 CPJ 7,089 7,089 DR GJ 1,860 8,949 DR Post-Closing Balance (Q=958540.RentExpense_ClosingEntries) Account: Rent Expense Account No. 540 Date Description May 31Balance Jun 30Rent expired Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 4,150 DR 4,150 Post-Closing Balance (Q=958541.ElectricityExpense_ClosingEntries) Account: Electricity Expense Account No. 541 Date Description May 31Balance Jun 30Accrued electricity expense Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit 206 Post-Closing Balance Balance 0 206 DR (Q=958542.WaterExpense_ClosingEntries) Account: Water Expense Account No. 542 Date Description May 31Balance Jun 30Accrued water expense Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit Credit GJ Balance 0 116 DR 116 Post-Closing Balance (Q=958543.InsuranceExpense_ClosingEntries) Account: Insurance Expense Account No. 543 Date Description May 31Balance Jun 30Insurance expired Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 1,000 DR 1,000 Post-Closing Balance (Q=958544.SuppliesExpense_ClosingEntries) Account: Office Supplies Expense Account No. 544 Date Description May 31Balance Jun 30Supplies used Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 598 DR 598 Post-Closing Balance (Q=958545.SalaryExpense_ClosingEntries) Account: Salary Expense Account No. 545 Date Description May 31Balance Jun 30Owner salary Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit CPJ Credit Balance 0 4,900 DR 4,900 Post-Closing Balance (Q=958560.DepreciationExpenseCapitalAsset2_ClosingEntries) Account: Depn Expense: Office Furniture Account No. 560 Date Description May 31Balance Ref. Debit Credit Balance 0 Jun Jun Jun Jun Jun 30Depreciation - one month 30 30 30 30 GJ 125 125 DR Post-Closing Balance (Q=958561.DepreciationExpenseCapitalAsset1_ClosingEntries) Account: Depn Expense: Office Equipment Account No. 561 Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 322 DR 322 Post-Closing Balance (Q=958571.InterestExpense_ClosingEntries) Account: Interest Expense Account No. 571 Date Description May 31Balance Jun 30Accrued interest expense Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit Balance 0 220 DR 220 Post-Closing Balance (Q=958572.BankCharges_ClosingEntries) Account: Admin. Expense Bank Charges Account No. 572 Date Description May 31Balance Jun 30Bank service charge Jun 30 Jun 30 Jun 30 Jun 30 Ref. Debit GJ Credit 10 Post-Closing Balance Balance 0 10 DR