Requirement 4. Joumalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Date Accounts and Explanation Jun. 30 Service Revenue Clos. (1) Income Summary Debit Credit 48.400 48.400 To close revenue Close expenses for the period. Date Jun. 30 Clos. (2) Accounts and Explanation Debit Credit Income Summary 56.200 Supplies Expense Salaries Expense Interest Expense Utilities Expense Depreciation Expense-Building Insurance Expense To close expenses 600 32,600 8,000 2.600 8,300 4,100 Close Income Summary. Date Accounts and Explanation Debit Credit Jun 30 Retained Earings 7,800 Clos. (3) Income Summary 7.800 To close Income Summary Close Dividends. Date Accounts and Explanation Debit Credit Jun: 30 Retained Earnings 27,500 27,500 Clos. (4) Dividends To close Dividends Requirement S. Taccounts have been opened using the balances from the adjusted trial belance. Post the dosing entries to the Tents and then and Use "Clos" and the comesponding number as shown in the journal entry as posting references-Oos (1. "Dos (2, etc. The adjusted balance of each accoure has been entered for you Post any closing as to the calculate the post-dosing balance (Bal") of each sccount (including those that were not closed) For any accounts with a zero balance after closing, enter a "0" on the normal side of the accout For Iname Summary balance (a) before posting the entry to close mut the account. Pest the entry to close Income Summary account same ne as you entered the balance prior to closing the second line) and then show the pod dosing balance on the last hint) fine of the account Review the skins jaudabom Bal Cash 4300 Accounts Payable 18.300 Service Revenue 48400 Accounts Receivable Office Insurance Exper 000 100 2.300 Salaries Expens 32400 Prepaid Insurance Unearned Revenue Supplies Expense Bal 2,100 6,200 Bal Bal 600 Bal Land 13.100 Notes Payable Interest Expense 43,000 Bal Bal 8,000 Building 83,000 Common Stock Utilities Expense 5.000 Bal Bal 2.600 Accumulated Depr-Building Dividends 25.000 Bal Bal 27.500 Ba Retained Earnings 30,000 Ba Depreciation Expense-Building 8.300 Clear 00 Data table Estella Real Estate Appraisal Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash $ 4,300 Accounts Receivable 4,400 Office Supplies 2,600 Prepaid Insurance 2,100 Land 13,100 Building 83,000 Accumulated Depreciation- Building $ 25,000 Accounts Payable 19,300 Interest Payable 8,000 Salaries Payable 2,300 Unearned Revenue 6,200 Notes Payable (long-term) Common Stock 43,000 5,000 26.000 Print Done - X Data table - X Building Accumulated Depreciation- Building Accounts Payable 83,000 $ 25,000 19,300 Interest Payable 8,000 Salaries Payable 2,300 Unearned Revenue 6,200 Notes Payable (long-term) 43,000 Common Stock 5,000 Retained Earnings 36,000 Dividends 27,500 Service Revenue 48,400 Insurance Expense 4,100 Salaries Expense 32,600 Supplies Expense 600 Interest Expense Utilities Expense Depreciation Expense-Building Total 8,000 2,600 8,300 193,200 $ 193,200 S 00 Print Done