Miller Delivery Service completed the following transactions during December 2016 1 Click the loon to view the transactions) Read the courements Post the closing entries to the accounts. Use Clos" and the corresponding number as shown in the journal entry as posting references Clos Cost27 The adjusted balance of each account has been entered for you. Post any closing entries to the counts and then calculate the pool closing balance of each coontluding those that were not closed). For any accounts with a boro balance for closing entora on the normal de of the account For incomo Summary calculate and enter the balance (Bal) before posting the entry to close out the account Post the entry to close Income Summary account on the same line as you entered the balance prior to closing the second line) and then show the post-cong balance alone last third line of the account Beowthe colournals O rd above Cash Accounts Payable Service Revenue O Bal Clos ( 1 21150 21.150 Bal 22.000 22900 Bal 0 Bal Choose from any list or enter any number in the input fields and then click Check Answer 1 of 1 (1 complete) i Closing journal entries Date Accounts Debit Credit 21,150 Dec. 31 Clos. (1) Dec. 31 Clos. (2) 21,150 4,800 Service Revenue Income Summary Income Summary Salaries Expense Depreciation Expense Insurance Expense Fuel Expense Rent Expense Supplies Expense Income Summary Retained Earnings 2,000 250 250 300 1,600 400 16,350 Dec. 31 Clos. (3) 16,350 Print Done 1 of 1 (1 complete) Closing journal entries 21,150 Clos. (1) Dec. 31 Clos. (2) 4,800 Income Summary Income Summary Salaries Expense Depreciation Expense Insurance Expense Fuel Expense Rent Expense Supplies Expense Income Summary Retained Earnings Retained Earnings Dividends 2,000 250 250 300 1,600 400 16,350 16,350 Dec. 31 Clos. (3) Dec. 31 Clos. (4) 3,000 3,000 Print Done Accounts Receivable 1,350 Unearned Revenue 500 Bal Salaries Expense 2,000 Bal. Bal. Office Supplies 100 100 Common Stock 30,000 Bal Bal. Bal Depreciation Expense-Truck Bal. 250 250 Clos.(2) Bal OCD 30000 Bal. Choose from any list or enter any number in the input fields and then click Check Answer. part Clear All Miller Delivery Service completed the following transactions during December 2016 (Click the icon to view the transactions.) Read the requirements Post the closing entries to the T-accounts. Use "Clos" and the corresponding number as shown in the journal entry as posting references-"Clos (1)", "Clos (2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account Review the closing.journal entries you prepared above. Cash Accounts Payable Service Revenue Bal 22,900 O Bal. 21,150 Bal. Salaries Payable Choose from any list or enter any number in the input fields and then click Check
