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$ Russo Real Estate Appraisal Adjusted Trial Balance June 30, 2020 Balance Account Title Debit Credit Cash 4,600 Accounts receivable 5,200 Office supplies 1,550 Prepaid

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$ Russo Real Estate Appraisal Adjusted Trial Balance June 30, 2020 Balance Account Title Debit Credit Cash 4,600 Accounts receivable 5,200 Office supplies 1,550 Prepaid insurance 1.900 Land 13,000 Building 78,000 Accumulated amortization building 26,840 Accounts payable 19,700 Interest payable 8.500 Salaries payable 2.250 Unearned revenue 980 Note payable (long-term) 43,000 N. Russo, capital 37,500 N. Russo withdrawals 25,200 Service revenue 47,700 Insurance expense 3,900 Salaries expense 33,500 Supplies expense 620 Interest expense 8,500 Utilities expense 2,700 7,800 Amortization expense-building 186,470 $ Total 186.470 1. Journalize the closing entries. 2. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. 3. Prepare the company's post-closing trial balance at June 30, 2020. Accounts and Explanation Debit Credit Start by closing revenues Date Jun 30 Clos. (1) Debit Credit Now close the expenses for the period Date Accounts and Explanation Jun 30 Clos (2) Close Income Summary Accounts and Explanation Debit Credit Date Jun 30 Clos (3) Close withdrawals Accounts and Explanation Debit Credit Date Jun 30 Clos (4) Requirement 2. T.accounts have been opened using the balances from the dusted tience Post the closings to the accounts USA Cone e corresponding rumbas shown in the juny posting to close these balance teach account has been entered Post any content to the commence the post.com blonce Beach account including here that were closed for you to be ter closings on the made of account For Income Summary calculate and enter the balance before posting the entry close out the account Post the entry to close come Summary account on the same as you entered the band prior to doing the second line), and then show the post closing balance the last ordine of the account Review Centrum Accounts Payable Service even 4.00 10 700 Accounts Receivable 5200 Interest Payable 85000 Insurance Expense 300 Bal BM Office Supplies 1,550 Salaries Payable 2,250 Bal Salaries Expense 33,500 Bal Bal Prepaid Insurance 1,900 Unearned Revenue 980 Bal Supplies Expense 620 Bal Bal Land 13,000 Note Payable 43,000 Bal Interest Expense 8,500 Bal Bal Building 78,000 N. Russo, Capital 37,500 Bal Utilities Expense 2,700 Bal. Bal Accumulated Amort-Building 26,840 Bal N. Russo, Withdrawals 25,2001 Amortization Expense-Building 7,800 Bal Bal Income Summary Balance Debit Credit Account Title Total

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