T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. Date Accounts and Explanation Debit Credit Date Dec. 31 Service Revenue 50,000 Dec 31 Accounts and Explanation Income Summary Debit Credit 23,000 Income Summary 50.000 Bright Capital 23.000 To dose Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec 31 Bright, Capital 20,000 Dec. 31 Income Summary 27.0001 Bright Withdrawals 20.000 Depreciation Expense Furniture 4,000 To dose Withdrawals Interest Expense 000 Rent Expense Salaries Expense 2,000 1,000 Supplies Expense 10,000 Toduse Expense Deprecation Expense-Fumiture Set Fateme Adj: Bal Depreciation Expense-Furniture 4,000 Bright. Withdrawals Adj: Bal 20,000 Interest Expense Adj. Bal 6,000 Bright, Capital 31,000 Adj. Bal Rent Expense Adj. Bal 2,000 Service Revenue Salaries Expense Ad Bal 5,000 Income Summary 50,000 Adj Bal Interest Expense Adj. Bal 6,000 Adj. Bal Bright, Capital 31,000 Adj. Bal Supplies Expense 10,000 Salaries Expense Adj. Bal 5,000 Income Summary