prepare closing entries from the following end of period spreadsheet

Prepare closing entries from the following end of period spreadsheet. Austin Enterprises End-of-Period Spreadsheet For the Year Ended December 31 Adjusted Trial Balance Income Statement Debit Credit Debit Credit 26.500 Balance Sheet HKSHEET Account Title Credit Cash Accounts Receivable 7,000 Debit 26.500 7,000 1,000 18,500 1,000 18,500 5,000 Equipment Accumulated Depr -Equip Accounts Payable Wages Payable Common Stock Retained Earnings 11,000 1.000 6,000 2.000 5.000 11,000 1.000 6,000 2.000 2.000 2,000 Fees Earned 59,500 50.500 Wages Expense 19,000 Rent Expense 19,000 7,000 3.500 Depreciation Expense 3.500 54,500 4.500 59,500 55,000 25,000 29.50 30,000 Net Income 30,000 35,000 59,500 59 500 55.000 an amount to destro y 24 items All we saved Type here to search o m e 5 VERTE Uliol C v BN M