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Marked out of 1.00 P Flag question Journalizing and Posting Closing Entries The adjusted trial balance as of December 31, 2015, for Brooks Consulting Company

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Marked out of 1.00 P Flag question Journalizing and Posting Closing Entries The adjusted trial balance as of December 31, 2015, for Brooks Consulting Company contains the following selected accounts. Adjusted Account Balances Debit Credit Service Fees Earned 8.030 Rent Expense 2,080 Salaries Expense 4,570 Supplies Expense 560 Depreciation Expense 1,020 Retained Earnings 6,700 (a) Prepare entries to close these accounts in journal entry form. General Journal Description Debit Credit Dec 31 (1) To close revenue account. Dec 31 (2) . Rent Expense Salaries Expense Supplies Expense Depreciation Expense To close the expense accounts (b) Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, show the closing ba esc + G Search or type URL @ # $ % & uelle journal Description Debit Credit 31 (1) To close revenue account. ec. 31 (2) Rent Expense Salaries Expense Supplies Expense Depreciation Expense To close the expense accounts (b) Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, show the closing balance for each account Service Fees Earned Rent Expense Salaries Expense Beg Balance Big Balance Beg Balance 12 Balance Balance Balance Retained Earnings Supplies Expense Bee Balance Depreciation Expense Beg Balance 123 Balance Betalne (2) Balance 113 22 Balance Next Previous Save Answers 7 G Search or type URL W 0 9 # 3 $ 4 7 8 ! 1 6 5 2 P

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