Date Debit Credit 233,000 Mar. 31 Clos. (1) 233,000 Mar. 31 140,000 1,000 Clos (2) Accounts and Explanation Sales Revenue Income Summary To close revenues. Income Summary Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expenses ho Administrative Expenses Interest Expense To close expenses and other debit accounts Income Summary 1,400 93,200 27 200 15,100 2.100 93,000 Mar 31 VVVU 1,000 1.400 93,200 27 200 15.100 2,100 Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expenses Administrative Expenses Interest Expense To close expenses and other debit accounts Income Summary Bart, Capital To close Income Summary Bart Capital Bart. Withdrawals To close withdrawals 93,000 Mar 31 Clos. (3) 93,000 45,000 Mar 31 Clos. (4) 45,000 equirement 2. The following T-accounts have been set up Income Summary, Bart, Capital and Bart Withdrawals Post the closing entries to the accounts and calculate the ending corresponding number as shown in the journal entry as posting references Clos (1)","Clos(2), etc. The adjusted balance of each account has been entered for you for any con O on the normal side of the account For Income Summary calculate and enter the balance ("Bal") before posting the entry to close out the account Port the entry to do Incom alance prior to closing the third line) and then show the post closing balance ("Bal") on the last fourth) line of the account Review the closing instalenteles, you, cated above. Bart, Withdrawals Bart, Capital Income Summary Adi Bal 45,000 Clos (4) 17 600 Ad Bal Bol Clear Bal example Get more help