HOMEWORK QUESTIONS FOR CLOSING ENTRIES: - Throllowing adjusted trial balance contains the accounts and balances of Ahmed Company as of December 31, 2015, the end of its fiscal year. ACC NUMBE ACCOUNT NAME DEBIT CREDIT (AED) (AED) 101 102 12.000 2,000 4.000 15,000 103 104 201 1,000 202 4,000 601 610 701 CASH ACCOUNTS RECEIVABLES FURNITURE BUILDING ACCUMULATED DEPRECIATION - FURNITURE ACCUMULATED DEPRECIATION BUILDING ACCOUNTS PAYABLES BANK LOAN AHMED'S CAPITAL AHMED'S WITHDRAWALS RENT EXPENSE UTILITIES EXPENSES INSURANCE EXPENSES CLEANING EXPENSES SERVICE REVENUE INTEREST INCOME TOTAL 710 401 402 403 6,000 8.000 20,000 3,000 6,500 2,500 3,500 1,500 10,000 1,000 50,000 50,000 404 501 502 REQUIRED: (1) Prepare the December 31, 2015, closing entries for Ahmed Company. Assume the account number for Income Summary is 901. (2) Prepare the December 31, 2015, post-closing trial balance for Ahmed Company