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Following is the adjusted trial balance, with accounts listed in alphabetical order for Music Masters at January 31, 2014 Use this information to prepare the

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Following is the adjusted trial balance, with accounts listed in alphabetical order for Music Masters at January 31, 2014 Use this information to prepare the closing entries Use the numbers below as the description for the corresponding closing.entry. 1. Close al temporary credit balance accounts to the income summary account 2. Close all temporary debit balance accounts to the income summary account 3. Close the income summary (net income) to capital 4. Close the income summary inet loss) to capital 5. Close withdrawals to capital Enter the dates in the format dd/mmm (ie. 15/Jan) Maske Masters Genero Page GB Adjusted Trial Bounce Date Account Explanation F Debreda January 31, 2014 Debit Credit Accounts receivable 11.130 Accumulated depreciation, furniture 1,340 Advertising expense 4.370 Advertising payable 12,910 Capital 18.390 Cash 4,310 Depreciation expense furniture 1,280 Furniture 7,880 Interest earned 3,070 Rent eamed 4,840 Rent expense office space 10.190 Withdrawals 1.420 Totals 40 580 40.580 + - +

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