Exercise 4-19 a-e On December 31, the adjusted trial balance of Culver Employment Agency shows the following selected data. Accounts Receivable Interest Expense $24,900 7,800 Service Revenue Interest Payable $91,500 2,900 Analysis shows that adjusting entries were made to (1) accrue $6,000 of service revenue and (2) accrue $2,900 interest expense. Prepare the closing entries for the temporary accounts shown above at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit | Dec. 31 ^ Service Revenue 91500 Income Summary 91500 (To close the revenue account.) Dec. 31 ^ Income Summary 7800 Interest Expense 7800 (To close the expense account.) Prepare the reversing entries on January 1. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Jan. 1 Service Revenue 6000 Accounts Receivable 6000 (To reverse the accrued service revenue.) Jan. 1 Interest Payable 2900 Interest Expense 2900 (To reverse the accrued interest expense.) Post the entries in (a) and (b). (Post the entries in the order presented in both the previous part.) Accounts Receivable New Year Service Revenue New Year Interest Payable New Year Interest Expense New Year Prepare the entries to record (1) the collection of the accrued revenue on January 10 and (2) the payment of all interest due ($3,700) on January 15. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Post the entries in (d) to the temporary accounts. Dec. 31 Balance Dec. 31 Adjusting Accounts Receivable 18,900 6,000 24,900 Jan. 1 Reversing Service Revenue 91,500 Dec. 31 Balance Dec. 31 Adjusting 91,500 6,000 Dec. 31 Closing 85,500 6,000 91,500 Jan. 1 Reversing 6,000 Interest Payable Dec. 31 Adjusting 2,900 Jan. 1 Reversing 2,900 7,800 Dec. 31 Balance Dec. 31 Adjusting Interest Expense 4,900 Dec. 31 Closing 2,900 7,800 7,800 Jan. 1 Reversing 2,900 Click if you would like to Show Work for this question: Open Show Work