Post the closing entries at December 31, 2024. 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 "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 Adj. Bal. 12,125 Accounts Payable Canoe Rental Revenue 3,050 Adj. Bal. 14,650 Adj. Bal. Accounts Receivable Wages Payable Rent Expense Adj. Bal. 7,600 1,250 Adj. Bal. Adj. Bal. 2,200 Adj. Bal. Office Supplies 165 Utilities Payable Wages Expense 295 Adj. Bal. Adj. Bal. 4,550 Adj. Bal. Prepaid Rent Telephone Payable Utilities Expense 2,000 325 Adj. Bal. Adj. Bal. 445 Land Unearned Revenue Telephone Expense Adj. Bal. 85,000 350 Adj. Bal. Adj. Bal. 500 B Building Interest Payable Adj. Bal. 35,000 50 Adj. Bal. Adj. Bal. Accumulated Depr.-Building Notes Payable 500 Adj. Bal. 7,200 Adj. Bal. Adj. Bal. Canoes Adj. Bal. 12,000 Supplies Expense 1,085 Depreciation Expense-Building 500 Common Stock Depreciation Expense-Canoes 136,000 Adj. Bal. Adj. Bal. 350 Accumulated Depr.-Canoes Dividends 350 Adj. Bal. Adj. Bal. 450 Adj. Bal. Interest Expense 50 Retained Earnings Income Summary 0 Adj. Bal. Date Accounts and Explanation Debit Credit Dec. 31 Canoe Rental Revenue 14,650 Clos. (1) Income Summary 14,650 To close revenues. Dec. 31 Income Summary 9,680 Clos. (2) Rent Expense Wages Expense Utilities Expense Telephone Expense Supplies Expense Depreciation Expense-Building Depreciation Expense-Canoes Interest Expense To close expenses. Dec. 31 Income Summary Clos. (3) Retained Earnings Dec. 31 Clos. (4) To close Income Summary. Retained Earnings Dividends To close Dividends. 2,200 4,550 445 500 1,085 500 350 50 4,970 4,970 450 450