Please journalize the CORRECT closing entries. Then, create a post-closing trial balance.

Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this parel. He's not sure if he's journalized the entries correctly, and asks you to review thom you find that two of the entries are correct, but two are incorrect Determine which entries are incorrect, and youmalize al tour of the closing entries for Charter, me as of Dec. 31 on the Journal panel PAGES JOURNAL ACCOUNTING EQUATION DATE POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 DESCRIPTION Closing Entries 2 Dec. 31 294,800.00 Income Summary Fees Eamed 1 185,600.00 T Rent Revenge 92,000.00 1 Interest Revenue 17,200.00 1 31 176,800.00 1 1 71.000.00 25,600.00 T Income Summary Staries Expense Selling Expense Income Taxes Expense Depreciation Expense Insurance Expense 15,000.00 1 T 47,200.00 17.000.00 JOURNAL ACCOUNTING EQUATION DATE POST REF DERIT CREDIT ASSETS LABILITIES EQUITY DESCRIPTION Closing Entries 1 2 Dec 31 Income Summary 294,800.00 1 1 Fees Eamed 185,600.00 1 6 Rent Revenue 92,000.00 1 Interest Revenue 17,200.00 1 31 176,800.00 Income Summary 1 Salaries Expense 1 3 T 71,000.00 25,600.00 15,000.00 Selling Expense 1 Income Taxes Expense 50 T 47,200.00 17000.00 1 11 Depreciation Expense Insurance Expense Miscellaneous Expense 1,000.00 T 11 471.600.00 31 1 Retained Earnings Income Summary 471,600.00 T 14 5,000.00 1 15 31 Retained Earnings 5.000.00 16 Dividends PAGE 5 JOURNAL Score: 0/185 ACCOUNTING EQUATION DATE POST. REF DEMT CREDIT LIABILITIES EQUITY DESCRIPTION Closing Entries 1 Dec. 31 1 5 11 14 11 16 The post-ekosing trial balance shows all the permanent accounts warmer updated values after the tempormy accounts have been reduced to zato balance for the heat accounting eye Also, the post-closing trial balance is meant to ensure that dobits equal credits post close Roscoe is very happy with your work on the closing entries for Chandler, Inc., and asks if you would preparo a post-closing tra balance for the company Question not attempted. Score: 0/43 Chandler, Inc. POST CLOSING TRIAL BALANCE December 31, 2017 ACCOUNT TITLE DEDIT CREDIT 1 Cash Accounts Receivable + Prepaid Insurance + Office Equipment $ Accumulated Depreciation Office Equipment 6 Accounts Payable Salaries Payable 1 Income Taxes Payable Common Stock 10 Retained Earnings 11 Totals Previous Before the closing entries are fourralized, you begin with an adjusted trial balance. The closing entries are essentially the link from the adjusted trial balance to the post-closing trial balance Chandler, Inc. ADJUSTED TRIAL BALANCE December 31, 2017 ACCOUNT TITLE CREDIT DET 86,000.00 1 Cash 7 Accounts Receivable 29,000.00 16,000.00 60,000.00 Prepaid Insurance Office Equipment Accumulated Depreciation Office Equipment Accounts Payable Salaries Payable Income Tax Payable Common Stock ta Retained Earnings 11 Dividends 40.000.00 6,000.00 8,000.00 4,000.00 2,000.00 18,000.00 5,000.00 Fees Eamed 185.600.00 16,000.00 60,000.00 40,000.00 6,000.00 3 Prepaid Insurance 4 Office Equipment 5 Accumulated Depreciation Office Equipment 6 Accounts Payable 7 Salaries Payable Income Taxes Payable 9 Common Stock 10 Retained Earnings 11 Dividends 8,000.00 4,000.00 2,000.00 18,000.00 5,000.00 12 Fees Earned 185,600.00 92,000.00 13 Rent Revenue 14 Interest Revenue 17,200.00 71,000.00 25,600.00 15,000.00 15 Salaries Expense 16 Selling Expense 17 Income Taxes Expense 18 Insurance Expense 19 Depreciation Expense 20 Miscellaneous Expense 17,000.00 47,200.00 1,000.00 21 Totals 372,800.00 372,800.00