Keynote Consulting has journalized its adjusting entries and prepared its adjusted trial balance. Prepare the closing entries using the income summary account for the month of January and prepare the post$-$closing trial balance.

Keynote Consulting

Adjusted Trial Balance

January $31,2022$

Account Titles DR CR

Cash $$6,250$

Accounts Receivable $$1,960$

Prepaid Insurance $$1,780$

Equipment $$10,640$

Accumulated Depreciation $$370$

Accounts Payable $$1,760$

Interest Payable $$110$

Unearned Revenue $$1,590$

Bank Loan $$3,000$

Natalie, Capital $$11,380$

Natalie, Withdrawals $$670$

Service Revenue $$5,080$

Depreciation Expense $$230$

Insurance Expense $$220$

Interest Expense $$110$

Office Supplies Expense $$140$

Rent Expense $$850$

Telephone Expense $$440$

Total $$23,290$ $$23,290$

Do not enter dollar signs or commas in the input boxes.

When closing accounts, use the income summary method.

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

Date Account Title and Explanation Debit Credit

$2022$

Jan $31$ Answer

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Close revenue accounts

Jan $31$ Answer

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Close expense accounts

Jan $31$ Answer

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Close income summary account

Jan $31$ Answer

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Close owner's drawings

Keynote Consulting

Post$-$Closing Trial Balance

January $31,2022$

Account Titles DR CR

Cash Answer

Accounts Receivable Answer

Prepaid Insurance Answer

Equipment Answer

Accumulated Depreciation Answer

Accounts Payable Answer

Interest Payable Answer

Unearned Revenue Answer

Bank Loan Answer

Natalie, Capital Answer

Total Answer

Answer