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: = Following is the adjusted trial balance, with accounts listed in alphabetical order for Star Inc. at February 28, 2023. Use this information to

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Following is the adjusted trial balance, with accounts listed in alphabetical order for Star Inc. at February 28, 2023. Use this information to prepare the closing entries. Use the numbers below as the description for the corresponding closing entry. 1. Close all 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 retained earnings. 4. Close the income summary (net loss) to retained earnings. 5. Close dividends to retained earnings. Enter the dates in the format dd/mmm (ie. 15/Jan). Star Inc. Adjusted Trial Balance Date General Journal Account/Explanation F Debit Page GJ8 Credit February 28, 2023 + + + + Debit Credit Accounts receivable 9,360 Accumulated depreciation, equipment Cash 4,330 4,420 Consulting revenue earned. 10,500 Depreciation expense, equipment 1,260 Dividends 1,210 Equipment 25,880 Interest earned_ 1,460 Rent earned 6,590 Retained earnings. 5,040 Share capital 9,460 Unearned rent 4,750 Totals 42,130 42,130

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