Question 22 Not yet answered Marked out of 40.00 Foster's Deck Repair has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of December and create the post- closing trial balance. Foster's Deck Repair Adjusted Trial Balance December 31, 2019 P Flag question Account Tities DR CR $8,550 $2,830 52,130 $1,390 $23.170 DIAN Cash Accounts Receivable Prepaid Insurance Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Interest Payable Uneamed Revenue Bank Loan Foster, Capital Foster Withdrawals Service Revenue Depreciation Expense Insurance expense $1,650 $3,740 $110 $2.280 S5,850 $22,640 $3:310 59.110 $190 $160 Search to $160 $110 Insurance Expense Interest Expense Rent Expense Salaries Expense Telephone Expense Total $1,130 $2,250 $160 $45,380 $45,380 Do not enter dollar signs or commas in the input boxes, When closing accounts, use the income summary method. For the closing of the expense accounts, enter the expense accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Dec 31 Close revenue accounts Dec 31 English (en) AME Engage Close revenue occounts Dec 31 e e Close expense accounts Dec 31 Close income summary account Jage Post-Closing Trial Balance December 31, 2019 Account Titles DR CR Cash Accounts Receivable Prepaid Insurance Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenue Bank Loan Foster, Capital For anything 5