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Eng Foster's Deck Repair has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using
Eng Foster's Deck Repair has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of January and create the post-closing trial balance CR Foster's Deck Repair Adjusted Trial Balance January 31, 2019 Account Titles DR Cash $8,210 Accounts Receivable $2,140 Prepaid Insurance $2,650 Prepaid Rent $1,380 Equipment $23,650 Accumulated Depreciation Accounts Payable Interest Payable Uneamed Revenue Bank Loan Foster, Capital Foster Withdrawals Service Revenue $1,080 $3,340 $ 140 $ 1.850 $5,100 $23,300 $2,550 $9,210 Foster, Withdrawals $2,550 Service Revenue $9,210 $230 $180 Depreciation Expense Insurance Expense Interest Expense Rent Expense Salaries Expense Telephone Expense $140 $1,110 $1,570 Total $210 $44,020 $44,020 Do not enter dollar signs or commas in the input boxes, When closing accounts, use the income summary method. For the closing of the expense accounts, enter the expense accounts in alphabetical order
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