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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 all accounts. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries (REID) 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 28,900 Dec. 31 Income Summary 7,820 Income Summary 28.900 Salaries Expense 5.000 Depreciation Expense-Furniture 300 Insurance Expense 250 Utlites Expense 290 Rent Expense 1,900 Supplies Expense 80 Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec, 31 Income Summary 21,080 Dec. 31 Retaned Earnings 4500 Retained Earmings 21.080 Dividends 4.500