Question 36: 5 Barter Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances. (Click the icon to view the account balances.) Prepare the closing entries for Barter at December 31. Prepare the closing entries for Barter at December 31. First, we will close the Service Revenue account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Date Clos. (1) Date Debit Next, we will close the expense accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Clos. (2) Credit Debit Credit 120

Now we will close the income Summary account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Finaly close the Whidrawols account. (Record deblits first, then credits. Select the explanation on the last line of the journal entry table.) Account Balances Barter Auto Repair had the following account balances after adfustments, Assume all accounts had normal balances. [Click the icon to view the account balances.) Prepare the closing entries for Barter at December 31. Prepare the closing entries for Barter at December 31. First, we wil close the Service Revenue account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)