. T-accounts have been opened using the b alancRs trom the adjushed trial balanca Past he clasing entries to the T-acoounts Use "Cles. and the corresponding number as shown in the jourmal entry as posting Rotke, Widdrawals cin-21. etc. The dusted balance of each account has been entered for you. Post any closing entries th acnoanta and t en calculat thepaat.casing balance ('Ral-)ar aach account (including ihasa that 5,200 BL B 25,30 23300 (4) account For Income Summary, calcalate and ner the balanceore paatingtheeny to cloan out the account Post the entry to close Ihcome Summary account on the sameline a5 you entered the balance prior to closing the second ine and then show the post-closing balance Bal on the st 25200 l al 5203 Interect Payahle R00 Office Sapplis Snlaris Paable Bal ,00 2,100 Bal. 32000 Prepaid Insurance earned Revenue Supplies Expense Hal al 10 Nee Payakla Intwrest F. 7000 Eal 00 Raca, Talitics EapEnE 38,000 Bal. Bal- 2.900 Page 2 of z 200 words L +80% 025 PM O Type here to search Sulvedt Pre... McNfee Se.. Do Hemew.. /11/2019 7 Rocket Real Estate Appraisal Adjusted Trial Balance June 30, 2018 Balance Debit Credit Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Rocket, Capital Rocket, Withdrawals Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense Depreciation Expense- Building Total 5,000 5,500 1,600 1,700 12,800 71,000 25,200 18,700 8,000 2,100 1,000 37,000 38,000 25,800 48,100 4,100 32,000 600 8,000 2,900 7,100 178,100 $ 178,100 Start by closing revenues Date Accounts and Explanation Debit Credit Jun. 30 Service Revenue 48,100 Clos. (1) Income Summary 48,100 To close revenue Close expenses for the period Date Accounts and Explanation Debit Credit Jun. 30 Income Summary Salaries Expense Supplies Expense Depreciation Expense-Building Utilities Expense Interest Expense Insurance Expense lo close expenses 54,700 32,000 600 7,100 2,900 8,000 4,100 Clos. (2) Close Income Summany Date Accounts and Explanation Debit Credit Jun. 30 Rocket, Capital Income Summary 6,600 Clos. (3) 6,600 To close Income Summary Close withdrawals Date Accounts and Explanation Debit Credit Jun. 30 25,800 Rocket, Capital Rocket, Withdrawals Clos. (4) 25,800 To close withdrawals