Q1: At March 31, account balances after adjustments for Luis company are as follows: Account Balances Accounts (After Adjustment) Cash $ 6,000 Concession Supplies 4,000 Theatre Equipment 50,000 Accumulated DepreciationTheatre Equipment 12,000 Accounts Payable 5,000 Share Capital-Ordinary 4,000 Retained Earnings 16,000 Dividends 12,000 Ticket Revenues 60,000 Concession Revenues 51,000 Advertising Expense 12,000 Concession Supplies Expense 19,000 Depreciation Expense 4,000 Miscellaneous Expense 16,000 Rent Expense 12,000 Salaries Expense 18,000 Utilities Expense 5,000 Instructions 1. Prepare the entry to close the revenue accounts. 2. Prepare the entry to close the expense accounts. 3. Prepare the entry to close the income summary account