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Question 4 [15 points] Following is the adjusted trial balance, with accounts listed in alphabetical order for XYZ Co. at May 31, 2014. 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 capital. 4. Close the income summary (net loss) to capital. 5. Close withdrawals to capital. Enter the dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page G8 F Debit Credit Date + - XYZ Co. Adjusted Trial Balance May 31, 2014 Debit Credit Accounts receivable 9,260 Accumulated depreciation, building 5,450 Building 33,180 Capital 9,060 Cash 4,090 Commissions earned 3,700 Consulting revenue earned 10,830 Depreciation expense, building. 1,100 Interest earned 3,770 Rent expense 9,470 Rent payable 26,220 Withdrawals 1,930 Totals 59,030 59.030 + 1 +