Focus Consulting 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 September and create the post-closing trial balance.

Cash$6,800 Dr

Accounts Receivable$1,580 Dr

Prepaid Insurance$1,840 Dr

Equipment$10,280 Dr

Accumulated Depreciation$400 Cr

Accounts Payable$1,370 Cr

Interest Payable$130 Cr

Unearned Revenue$1,110 Cr

Bank Loan$2,950 Cr

Nichols, Capital$11,670 Cr

Nichols, Withdrawals$700 Dr

Service Revenue$5,920 Cr

Depreciation Expense$210 Dr

Insurance Expense$320 Dr

Interest Expense$130 Dr

Office Supplies Expense$470 Dr

Rent Expense$920 Dr

Telephone Expense$300 Dr

Total$23,550 Dr/ $23,550 Cr

When closing accounts, use the income summary method.

For the closing of the expense accounts, enter the expense accounts in alphabetical order.