Please answer! I've asked this question 3 times now :( if you could answer all blanks I'd appreciate it.

Closing entries In this stage of the accounting cycle, you are asked to record closing entries in the general journal and then post them to the general ledger accounts. This step must be completed to prepare the accounts for the next accounting period. Instructions for closing entries 1) Record closing entries in the general journal. 2) Post the closing entries from the general journal to the relevant general ledger accounts 3) Record the final closing balance of each ledger account in the Post-Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Post- Closing Balance row must still be filled out in order receive full points. Back-On-Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Remember: Enter all answers to the nearest whole dollar. You are also required to apply the journal and ledger instructions provided in previous stages of the practice set. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed. Jun 30 (select) (select) (To close the Withdrawals account to equity) GENERAL LEDGER Account: Capital Account No. 300 Date Ref. Debit Credit Balance Description 1 Capital contributed by Diana Ramsey Jun GJ 103,000 103,000 CR 2 Jun 30 Jun 30 Jun 30 Jun 30 Post-Closing Balance (Q=750-310.ProfitAnd Loss Summary_ClosingEntries) Account: Income Summary Account No. 310 Date Description Ref. Debit Credit Balance Jun 30 Jun 30 Jun 30 Jun 30 Jun 30 Post-Closing Balance (Q=750-350. Withdrawals_ClosingEntries) Account: Withdrawals Account No. 350 Date Ref. Debit Credit Balance Description 21 Cash withdrawal by Diana Ramsey Jun GJ 2,000 2,000 DR Jun 30 Jun 30 Jun 30 Jun 30 Post-Closing Balance V 10=750-400 Revenue Closing Entries Account: Revenues Account No. 400 Date Ref. . Debit Credit 4,600 Jun GJ Jun Jun Description 5 Received cash for services 9 Services provided on credit 23 Received cash for services 27 Services provided on credit 6,700 3,000 Balance 4,600 CR 11,300 CR 14,300 CR 18,800 CR 23,000 CR 25,700 CR Jun 21212 212 4,500 4,200 Jun 30 Accrued revenue Jun 30 Revenue earned 2,700 Jun 30 Jun 30 Jun 30 Jun 30 Post-Closing Balance (Q=750-516. WagesExpense_ClosingEntries) Account: Wages Expense Account No. 516 Date Ref. Credit Balance Description 17 Paid staff wages 30 Accrued wages expense Jun Jun GJ Debit 6,500 8,400 6,500 DR 14,900 DR GJ Jun 30 Jun 30 Jun 30 Jun 30 Post-Closing Balance (Q=750-541.UtilityExpense_ClosingEntries) Account: Telephone Expense Account No. 541 Date Ref. Debit Credit Balance 150 DR Description 6 Paid telephone expense 30 Accrued telephone expense Jun Jun 150 110 260 DR Jun 30 3 3 Jun 30 Jun 30 Jun 30 Post-Closing Balance Account: Rent Expense Account No. 543 Ref. Debit Credit Date Jun Description 30 Rent expired Balance 3,000 DR GJ 3,000 Jun 30 Jun 30 V Jun 30 V Jun 30 Post-Closing Balance (Q=750-544. SuppliesExpense_ClosingEntries) Account: Office Supplies Expense Account No. 544 Date Ref. Credit Balance Description 30 Supplies used Debit 1,792 Jun GJ 1,792 DR Jun 30 Jun 30 Jun 30 V Jun 30 Post-Closing Balance (Q=750-560.DepreciationExpenseCapitalAsset1_ClosingEntries) Account: Depn Expense: Coffee Making Equipment Account No. 560 Date Ref. Credit Description 30 Depreciation - one month Debit 549 Balance 549 DR Jun GJ Jun 30 Jun 30 Jun 30 V Jun 30 Post-Closing Balance (Q=750-571.InterestExpense_ClosingEntries) Mercedes Blends Adjusted Trial Balance June 30, 2021 Account No. Name Debit ($) Credit ($) 217,090 12,800 1,008 6,000 55,000 549 840 8,400 100 Cash 110 Accounts Receivable 130 Office Supplies 140 Prepaid Rent 160 Coffee Making Equipment 161 Accum Depn: Coffee Making Equipment 210 Accounts Payable 220 Wages Payable 221 Telephone Payable 225 Interest Payable 230 Unearned Revenue 250 Bank Loan Payable 300 Capital 310Income Summary 350 Withdrawals 400 Revenues 110 870 1,800 174,000 103,000 2,000 25,700 14,900 260 3,000 516 Wages Expense 541 Telephone Expense 543 Rent Expense 544 Office Supplies Expense 560 Depn Expense: Coffee Making Equipment 571 Interest Expense 1,792 549 870 Total 315,269 315,269 Financial statements Income statement Mercedes-Blends Mercedes Blends Income Statement For the month ended June 30, 2021 Revenues $ $ Revenues 25,700 25,700 Total revenues Expenses Wages Expense Telephone Expense Rent Expense Office Supplies Expense Depn Expense: Coffee Making Equipment Interest Expense Total expenses Net income (14,900) (260) (3,000) (1,792) (549) (870) (21,371) 4,329 Statement of changes in owner's equity Mercedes-Blends Mercedes Blends Statement of Changes in Owner's Equity For the month ended June 30, 2021 $ D. Ramsey, Capital, June 1, 2021 0 Investments by owner 103,000 Net income for the period 4,329 Withdrawals by owner (2,000) D. Ramsey, Capital, June 30, 2021 105,329 Balance sheet Mercedes-Blends Mercedes Blends Balance Sheet June 30, 2021 $ $ $ Assets Current assets Cash Accounts Receivable Office Supplies Prepaid Rent Total current assets 217,090 12,800 1,008 6,000 236,898 Property, plant and equipment Coffee Making Equipment Accum Depn: Coffee Making Equipment Total property, plant and equipment Total assets 55,000 (549) 54,451 291,349 Liabilities Current liabilities Accounts Payable Wages Payable Telephone Payable Interest Payable Unearned Revenue Total current liabilities 840 8,400 110 870 1,800 12,020 Long-term liabilities Bank Loan Payable Total liabilities 174,000 186,020 Equity Capital Total liabilities and equity 105,329 291,349 GENERAL LEDGER PRE CLOSING Account: Cash Account No. 100 Date Ref. Debit Credit Balance Jun GJ 103,000 103,000 DR 48,000 DR Jun GJ 55,000 Jun GJ 174,000 222,000 DR Jun GJ 9,000 Jun GJ 4,600 Jun GJ 150 Description 1 Capital contributed by Diana Ramsey 1 Purchase of equipment 1 Received cash loan 1 Prepaid rent 5 Service revenue 6 Paid telephone expense 10 Revenue received in advance 15 Collection of accounts receivable 17 Paid staff wages 21 Cash withdrawal by Diana Ramsey 23 Paid office supplies 23 Service revenue 30 Adjusted Balance Jun GJ 4,500 2,600 Jun GJ 213,000 DR 217,600 DR 217,450 DR 221,950 DR 224,550 DR 218,050 DR 216,050 DR 214,090 DR 217,090 DR 217,090 DR Jun GJ 6,500 Jun GJ 2,000 Jun GJ 1,960 Jun GJ 3,000 Jun Account: Accounts Receivable Account No. 110 Date Ref. Debit Credit Balance Description 9 Service revenue Jun GJ 6,700 Jun 15 Collection of accounts receivable GJ 2,600 Jun 27 Service revenue GJ 4,500 6,700 DR 4,100 DR 8,600 DR 12,800 DR 12,800 DR Jun 30 Accrued revenue GJ 4,200 Jun 30 Adjusted Balance Account: Office Supplies Account No. 130 Date Ref. Debit Credit Balance Jun GJ 2,800 Description 7 purchase of office supplies 30 Supplies used 30 Adjusted Balance Jun GJ 1,792 2,800 DR 1,008 DR 1,008 DR Jun Account: Prepaid Rent Account No. 140 Date Ref. Debit Credit Jun GJ 9,000 Description 1 Prepaid rent 30 Rent expired 30 Adjusted Balance Balance 9,000 DR 6,000 DR 6,000 DR Jun GJ 3,000 Jun Account: Coffee Making Equipment Account No. 160 Date Ref. Debit Credit Balance Jun Description 1 Purchase of equipment 30 Adjusted Balance GJ 55,000 55,000 DR 55,000 DR Jun Account: Accum Depn: Coffee Making Equipment Account No. 161 Date Ref. Debit Credit Balance Jun Description 30 Depreciation - one month 30 Adjusted Balance GJ 549 549 CR Jun 549 CR Account: Accounts Payable Account No. 210 Date Ref. Debit Credit Balance Jun GJ 2,800 Description 7 Purchase of office supplies 23 Paid office supplies 30 Adjusted Balance Jun GJ 1,960 2,800 CR 840 CR 840 CR Jun Account: Wages Payable Account No. 220 Date Ref. Debit Credit Balance Jun Description 30 Accrued wages expense 30 Adjusted Balance GJ 8,400 8,400 CR 8,400 CR Jun Account: Telephone Payable Account No. 221 Date Ref. Debit Credit Balance Jun Description 30 Accrued telephone expense 30 Adjusted Balance GJ 110 110 CR Jun 110 CR Account: Interest Payable Account No. 225 Date Description Ref. Debit Credit Balance Jun 30 Accrued interest expense GJ 870 870 CR Jun 30 Adjusted Balance 870 CR Account: Unearned Revenue Account No. 230 Date Description Ref. Debit Credit Balance Jun 10 Revenue received in advance GJ 4,500 4,500 CR Jun 30 Revenue earned GJ 2,700 1,800 CR Jun 30 Adjusted Balance 1,800 CR Account: Bank Loan Payable Account No. 250 Date Ref. Debit Credit Balance Description 1 Received cash loan Jun GJ 174,000 174,000 CR 174,000 CR Jun 30 Adjusted Balance Account: Capital Account No. 300 Date Ref. Debit Credit Balance Jun Description 1 Capital contributed by Diana Ramsey 30 Adjusted Balance GJ 103,000 103,000 CR 103,000 CR Jun Account: Income Summary Account No. 310 Date Ref. Debit Credit Balance Description 30 Adjusted Balance Jun 0 Account: Withdrawals Account No. 350 Date Ref. Debit Credit Balance Jun Description 21 Cash withdrawal by Diana Ramsey 30 Adjusted Balance GJ 2,000 2,000 DR 2,000 DR Jun Account: Revenues Account No. 400 Date Ref. Debit Credit Balance Jun GJ Jun Description 5 Received cash for services 9 Services provided on credit 23 Received cash for services 27 Services provided on credit 30 Accrued revenue Jun 033333 4,600 6,700 3,000 4,500 4,200 Jun 4,600 CR 11,300 CR 14,300 CR 18,800 CR 23,000 CR 25,700 CR 25,700 CR Jun Jun 30 Revenue earned 2,700 Jun 30 Adjusted Balance Account: Wages Expense Account No. 516 Date Ref. Debit Credit Balance Jun GJ 6,500 Description 17 Paid staff wages 30 Accrued wages expense 30 Adjusted Balance 6,500 DR 14,900 DR Jun GJ 8,400 Jun 14,900 DR Account: Telephone Expense Account No. 541 Date Ref. Debit Credit Balance Jun GJ 150 150 DR Description 6 Paid telephone expense 30 Accrued telephone expense 30 Adjusted Balance Jun GJ 110 260 DR Jun 260 DR Account: Rent Expense Account No. 543 Date Ref. Debit Credit Description 30 Rent expired 30 Adjusted Balance Balance 3,000 DR Jun GJ 3,000 Jun 3,000 DR Account: Office Supplies Expense Account No. 544 Date Ref. Debit Credit Balance Jun Description 30 Supplies used 30 Adjusted Balance GJ 1,792 1,792 DR Jun 1,792 DR Account: Depn Expense: Coffee Making Equipment Account No. 560 Date Ref. Debit Credit Balance Jun Description 30 Depreciation - one month 30 Adjusted Balance GJ 549 549 DR Jun 549 DR Account: Interest Expense Account No. 571 Date Description Ref. Debit Credit Balance Jun 30 Accrued interest expense GJ 870 870 DR Jun 30 Adjusted Balance 870 DR