Rocket Real Estate Appraisal Adjusted Trial Balance June 30, 2023 Balance Account Title Debit Credit Cash $5,000 Accounts receivable 5,500 Office supplies 1,600 Prepaid insurance 1,700 Land 12,800 Building 71,000 Accumulated amortizationbuilding $25,200 Accounts payable 18,700 Interest payable 8,000 Salaries payable 2,100 Unearned revenue 1,000 Note payable (long-term) 37,000 N. Rocket, capital 38,000 N. Rocket, withdrawals 25,800 Service revenue 48,100 Insurance expense 4,100 Salaries expense 32,000 Supplies expense 600 Interest expense 8,000 Utilities expense 2,900 Amortization expensebuilding 7,100 Total $178,100 $178,100. Start by closing revenues. close the expenses for the period. Close Income Summary. Close withdrawals. Requirement 2. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references"Clos. (1)," "Clos. (2)," etc. The adjusted balance of each account has been entered. Post any closing entries to the accounts, and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line), and then show the post-closing balance ("Bal.") on the last (third) line of the account. Review the closing journal entries prepared in requirement 1.LOADING... Cash Accounts Payable Service Revenue Bal. 5,000 18,700 Bal. 48,100 Bal. Accounts Receivable Interest Payable Insurance Expense Bal. 5,500 8,000 Bal. Bal. 4,100 Office Supplies Salaries Payable Salaries Expense Bal. 1,600 2,100 Bal. Bal. 32,000 Prepaid Insurance Unearned Revenue Supplies Expense Bal. 1,700 1,000 Bal. Bal. 600 Land Note Payable Interest Expense Bal. 12,800 37,000 Bal. Bal. 8,000 Building N. Rocket, Capital Utilities Expense Bal. 71,000 38,000 Bal. Bal. 2,900 Accumulated Amort.Building N. Rocket, Withdrawals Amortization ExpenseBuilding 25,200 Bal. Bal. 25,800 Bal. 7,100 Income Summary Part 6 Requirement 3. Prepare the company's post-closing trial balance at . Review the ending balances of the T-accounts prepared in requirement 2.LOADING... Rocket Real Estate Appraisal Post-Closing Trial Balance June 30, 2023 Balance Account Title Debit Credit Total