Question 1 [15 points] Following is the adjusted trial balance, with accounts listed in alphabetical order for Stake Technology Inc. at November 30, 2014. Use this information to prepare the closing entries. Use the numbers below as the description for the corresponding closing entry. 1. Close all temporary credit balance accounts to the income summary account. 2. Close all temporary debit balance accounts to the income summary account 3. Close the income summary (net income) to retained earnings. 4. Close the income summary (net loss) to retained earnings. 5. Close dividends to retained earnings. Enter the dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page GJ8 F Debit Credit Date + 1 Stake Technology Inc. Adjusted Trial Balance November 30, 2014 Debit Credit Accounts receivable 10,810 Accumulated depreciation, building 7,560 Building 65,820 Cash 1,800 Commissions earned 5,750 Consulting revenue earned 10,080 Depreciation expense, building. 1,800 Dividends 3,170 Interest earned 1,580 Interest expense 3,290 +-1 . ''' ' - Enter the dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page GJS F Debit Date Credit +-1 + - Stake Technology Inc. Adjusted Trial Balance November 30, 2014 Debit Credit Accounts receivable 10,810 Accumulated depreciation, building 7,560 Building 65,820 Cash 1,800 Commissions earned 5,750 Consulting revenue earned 10,080 Depreciation expense, building 1,800 Dividends 3,170 Interest earned 1,580 Interest expense 3.290 Long-term notes payable. 37,100 Rent earned 7,220 Retained earnings 6,960 Share capital 10,440 Totals 86,690 86,690 Official Time: 15:14:07 SUBMIT AND MARK SAVE AND CLOSE