Need help on my exam, I don't understand it one bit.

Accounting, 9e Requirements: 1. 2. 3. 4. 5. Journalize all transactions for the month. Post all transactions for the month. Journalize ajusting entries. Post adjusting entries. Journalize closing entries. a. close revenue into income summary (balance from the T-account) b. close all expense accounts into income summary (balances from the T-accounts) c. close the income summary into Capital (balance from the income summary T-account) d. close the drawing account into Capital (balance from the Capital T-account) 6. Prepare a post-closing trail balance. T-account) Accounting, 9e Students please fill-in areas that are shaded Student Name Course Name Student ID: Date: Journalize the following: Dec 1 3 5 6 8 17 31 31 Received $5,000 and gave capital to Drake. Opened bank account titled Drake Lawn Service. Purchased on account a mower, $1,600. The equipment is expected to remain in service 3 years. Purchased $20 of gas. Wrote check #1. Performed lawn services for a client on account for $100. Purchased $150 of fertilizer supplies. Wrote check #2. Completed landscaping jor for a client and received $800. Received $25 on account from December 6. Drake withdrew $100. Adjusting entries at Dec. 31: Dec 31 31 Fertilizer on hand at December 31st: $50. Depreciation expense for the month: lawnmower, $44. Closing entries at Dec. 31: 1 2 3 4 Close the Revenue Account into Income Summary Close the Expnese Accounts into Income Summary Close the Income Summary into the Capital Account/Owner's Equity Close the Drawing account into the Capital Account/Owner's Equity Accounting, 9e P2-32A Journalizing transactions, posting to accounts in four-column format, and preparing a trial balance LO 4,5 [45-60 minutes] Students please fill-in areas that are shaded Student Name Course Name Student ID: Date: P2-32A Req. 1 Page 1 Journal DATE Dec 1 ACCOUNTS AND EXPLANATIONS Initial investment 3 Purchased equipment-mower 5 Purchased gas 6 Performed services on account 8 Purchased fertilizer 17 Performed services 31 Received payment from Dec. 6 31 POST. REF. DEBIT CREDIT Owner witdrawal ADJUSTING ENTRIES 31 31 CLOSING ENTRIES 31 31 31 31 Accounting, 9e P2-32A Journalizing transactions, posting to accounts in four-column format, and preparing a trial balance LO 4,5 [45-60 minutes] Students please fill-in areas that are shaded Student Name Course Name Student ID: Date: Req. 2 ACCOUNT CASH ACCOUNT NO. 11 BALANCE DATE ITEM Dec 3 5 8 17 31 31 ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT ACCOUNTS RECEIVABLE CREDIT ACCOUNT NO. 12 BALANCE DATE ITEM Dec 31 31 ACCOUNT JRNL. REF. DEBIT FERTILIZER SUPPLIES CREDIT DEBIT CREDIT ACCOUNT NO. 13 BALANCE DATE ITEM Dec 8 31 Adj ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT EQUIPMENT-LAWN MOWER CREDIT ACCOUNT NO. 14 BALANCE DATE ITEM Dec 3 ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT ACCUM DEPR-LAWN MOWER CREDIT ACCOUNT NO. 16. BALANCE DATE ITEM Dec 31 Adj ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT ACCOUNTS PAYABLE CREDIT ACCOUNT NO. 21 BALANCE DATE ITEM Dec 3 ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT DRAKE, CAPITAL CREDIT ACCOUNT NO. 31 BALANCE DATE ITEM Dec 3 31 Clos 31 Clos ACCOUNT JRNL. REF. DEBIT DRAKE, DRAWING CREDIT DEBIT CREDIT ACCOUNT NO. 32 BALANCE DATE ITEM Dec 31 31 Clo ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT SERVICE REVENUE CREDIT ACCOUNT NO.41 BALANCE DATE ITEM Dec 6 17 31 Clo ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT GAS EXPENSE CREDIT ACCOUNT NO. 51 BALANCE DATE ITEM Dec 5 31 Clos ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT FERTILIZER EXPENSE CREDIT ACCOUNT NO. 52 BALANCE DATE ITEM Dec 31 Adj 31 Clo ACCOUNT JRNL. REF. DEBIT CREDIT DEBIT DEPRECIATION EXPENSE-LAWN MOWER CREDIT ACCOUNT NO. 54 BALANCE DATE ITEM Dec 31 Adj 31 Clo JRNL. REF. DEBIT CREDIT DEBIT CREDIT ACCOUNT INCOME SUMMARY ACCOUNT NO. 60 BALANCE DATE Dec 31 31 31 ITEM Clos Clos Clos JRNL. REF. DEBIT CREDIT DEBIT CREDIT Accounting, 9e P2-32A Journalizing transactions, posting to accounts in four-column format, and preparing a trial balance LO 4,5 [45-60 minutes] Students please fill-in areas that are shaded Student Name Course Name Student ID: Date: Req. 3 DRAKE LAWN SERVICES Post-Closing Trial Balance December 31, 2015 Acct No. ACCOUNT 11 Cash 12 Accounts Receivable 13 Fertilizer Supplies 14 Equipment-Lawn Mower 16 Accum Depr-Lawn Mower DEBIT CREDIT 21 31 $ - $ - reparing a trial balance