need help to fill out thr blanks please
Date Accounts and Explanation Debit Credit Dec. 31 15,150 Clos (1) 15,150 Dec. 31 10,340 Clos (2) 2,200 5,100 440 400 900 Canoe Rental Revenue Income Summary To close revenues. Income Summary Rent Expense Wages Expense Utilities Expense Telephone Expense Supplies Expense Depreciation Expense-Building Depreciation Expense--Canoes Interest Expense To close expenses Income Summary Retained Earnings To close Income Summary Retained Earnings Dividends To close Dividends. 1,000 220 80 4,810 Dec 31 Clos (3) 4,810 Dec 31 900 Clos. (4) 900 Post the closing entries at December 31, 2018. Use "Clo" and the corresponding number as shown in the journal entry as posting references-"Clos (1)", "Clos (2)", etc. The adjusted balance ("Adj. Bal.") 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 "O 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 ine 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 Canoe Rental Revenue Adj Bal 19,470 6,660 Adj. Bal 15.150 Adi Bal Bal 19.470 6,660 Bal Wages Payable Rent Expense Accounts Receivable 6.200 6,200 Adj. Bal Adj Bal Bal 2,200 1.400 Adi Bal 1,400 Bal Office Supplies 800 800 Adj Bal Utilities Payable 240 Adi Bal 240 Bai Wages Expense 5,100 Adj Bal Bal Prepaid Rent 2,200 2,200 Telephone Payable 270 Ad Bal 270 Bal Utilities Expense 440 Adj Bal Bal Adj Bal Land Telephone Expense 400 65,000 Unearned Revenue 50 Adj Bal 50 Bal Adj. Bal Bal Adj. Bal 65,000 Building 205,000 205,000 Interest Payable 80 Adj Bal 80 | Bal Supplies Expense 900 Adj Bal Bal Adj Bal. Accumulated Depr.-Building 1,000 Adj. Bal 1,000 Bal Notes Payable 4,800 Adj Bal 4,800 Bal Depreciation Expense-Building 1.000 Adj. Bal Canoes 12.960 12,960 Adj Bal Bal Common Stock 293,000 Adj Bal 293,000 Bal Depreciation Expense-Canoes Adj Bal 220 Dividends Interest Expense Accumulated Depr.-Canoes 220 Adj Bal 220 Bal 80 Adj Bal 900 Adj. Bal Retained Earnings O Adj. Bal Income Summary Credit Debit $ 19,470 $ 6,200 $ 800 $ 2,200 $ 65,000 $ 2,05,000 Requirement 5 Better Boat Company Post Closing Trial Balance At December 31, 2018 Account Title Cash Accounts Receivable Office Supplies Prepaid Rent Land Building Accumulated Depreciation - Building Canoes Accumulated Depreciation - Canoes Accounts Payable Wages Payable Utilities Payable Telephone Payable Unearned Revenue Interest Payable Notes Payable Common Stock Retained Earnings $ 1,000 $ $ 12,960 $ $ $ $ $ $ 220 6,660 1,400 240 270 50 80 $ 4,800 $ 93,000 $ 3,910 Total $ 3,11,630 $ 3,11,630 Credit Date Dec-31 Clos. (a) Requirement 4 Closing Journal Entries Accounts and explanation Canoe Rental Revenue Income Summary (Record the entry to close revenue a/c) Debit 15,150 $ $ 15,150 $ 10,340 Dec-31 Clos. (b) 2,200 5,100 440 400 Income Summary Rent Expense Wages Expense Utilities Expense Telephone Expense Supplies Expense Depreciation Expense - Building Depreciation Expense - Canoes Interest Expense (Record the entry to close expenses a/c) $ $ $ $ $ $ $ $ 900 1,000 220 80 $ Dec-31 Clos. (c) $ 4,810 Income Summary Retained Earnings (Record the entry to close net income) $ $ 4,810 Dec-31 Clos. (d) $ $ 900 Retained Earnings Dividends (Record the entry to close dividend a/c) $ $ 900
