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. Accounts and Explanation Accounts and Date Debit Credit Date Debit Credit Explanation Income Summary Bright, Capital Service Revenue 100,000 46,000 31 31 Income Summary 100,000 46,000 To clase Income Summary To close Revenue Accounts and Explanation Accounts and Explanation Date Debit Credit Date Debit Credit Dec. 31 Bright, Capital Dec. 31 16,000 Income Surnmary 54,000 Bright, Withdrawals 16,000 9,000 To close Withdrawals Interest Expense 12.000 5,000 Rent Expense Salaries Expense Supplies Expense 10,000 18,000 To close Expenses Depreciation Exp Rent Expense Adj. Bal. 9,000 Adj. Bal 5,000 Bright, Withdrawals Service Revenue Adj. Ba 16,000 100,000 Adj. Bal. Interest Expense Salaries Expense Adj. Bal 12,000 Adj. Bal 10,000 Bright, Capital Income Summary 39,000 Adj. Bal Supplies Expense Adj. Bal. 18,000