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set up like table Template for Closing Entries Debit Credit Date Description Post Ref 46 48 49 50 51 52 55 57 58 59 60

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Template for Closing Entries Debit Credit Date Description Post Ref 46 48 49 50 51 52 55 57 58 59 60 61 64 66 68 2,038 625 3 Closing Entries (12 points) - After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger of Conch Delights Accounts Payable 6.000 Rent Expense 8,175 Accounts Receivable 16,125 Salary Expense 10,348 Accumulated Depreciation 18,331 Salaries Payable Cash 4,288 Service Revenue 46,500 Depreciation Expense 3,375 Supplies 375 Equipment 41,250 Supplies Expense Insurance Expense 628 Sam Farrington Capital 24.988 Prepaid Insurance 1.569 Sam Farrington, Drawing 12,000 Accounts Payable 6,900 Rent Expense 8,175 Accounts Receivable 16,125 Salary Expense 10348 Accumulated Deprecation 18,331 Salaries Payable 2,038 Cash 4,288 Service Revenue 46,500 Depreciation Expense 3,375 Supplies 375 Equipment 41.250 Supplies Expense 623 Insurance Expense 628 Sam Farrington, Capital 24,988 Prepaid Insurance 1.569 Sam Farrington, Drawing 12,000 Required: Prepare the appropriate closing entries for Conch Delights

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