Keynote Musical Theatre has journalized their adjusting entries and prepared their adjusted trial balance. Prepare the closing entries using the income summary account for the month of April and create the post-closing trial balance.

Keynote Musical Theatre Adjusted Trial Balance April 30, 2021
Account Titles	DR	CR
Cash	$6,030
Accounts Receivable	$1,500
Prepaid Insurance	$1,260
Equipment	$10,650
Accumulated Depreciation		$420
Accounts Payable		$1,900
Interest Payable		$100
Unearned Revenue		$1,560
Bank Loan		$2,600
Natalie, Capital		$10,170
Natalie, Withdrawals	$520
Service Revenue		$5,500
Depreciation Expense	$400
Insurance Expense	$390
Interest Expense	$100
Office Supplies Expense	$390
Rent Expense	$620
Telephone Expense	$390
Total	$22,250	$22,250

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
2021
Apr 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	Close revenue accounts
Apr 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	Close expense accounts
Apr 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	Close income summary account
Apr 30	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue	Answer
	AnswerAccounts PayableAccounts ReceivableAccumulated DepreciationBank LoanCashDepreciation ExpenseEquipmentIncome SummaryInsurance ExpenseInterest ExpenseInterest PayableNatalie, CapitalNatalie, WithdrawalsOffice Supplies ExpensePrepaid InsuranceRent ExpenseService RevenueTelephone ExpenseUnearned Revenue		Answer
	Close owner's drawings

Keynote Musical Theatre Post-Closing Trial Balance April 30, 2021
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