in closing the income summary where did we get the 3000 from? and is it always Dr. Retained Earnings & Cr. Income Summary?

4-5 The adjusted trial balance for Mozart Company at the end of its fiscal year Mozart Company Adjusted Trial balance 31-Jul-02 Account Titles Debits Credits NO. 101 Cash 112 Accounts recelvable 157 Equipment 167 Accumulated depreciation 201 Accounts payable 8,780 15,900 5.400 4.220 311 Common Stock 320 Retained Earnings 332 Dividends 404 Commission revenue 429 Rent revenue 711 Depreciation expenses4,000 720 Salaries expenses 55,700 732 Ublities expenses 20,000 25 200 14,000 65.100 6,500 14,900 128220 51 123 220 Instructions: (a) Prepare the closng entries using page J15 b) Past to Retained Eamings and No. 350 Income Summary accounts (G ) Prepare a post-closing trial balance at July 31 (a) Prepare the closing entries. Close ali me revenue : Or Commision Evenuc Dr. Rent Qevemue 65100 6400 nac Siee 71600 close expenses ; Dr. Income Summeryeee 7400 cr. Dep. expenses 65700 s expenses Cr. UHlities expenses 44oo close income suon-ray : Dr. Retoine ecsiis 3000