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 Accounts and Explanation Dec 31 Debit Service Revenue Credit 50.000 Dec 31 income Summary 22.000 income Summary 50.000 Retained Earning 23.000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Dec 31 Hemed Caming Credit 22.000 Dec. 31 Income Summary 27.000 Dividends Depreciation Expense-Ramniture 4,000 To dos Dividend Interest Expense 6.000 Rent Expense 2,000 Salanes Expense 5.000 Supplies Expert 10,000 To close Expert Depreciation Expense-Furniture Hent Expense Interest Expense Salaries Expense AL 1.000 6.000 Adj. Bal 5.000 5.000 Retained Earnings income Summary 22000 10.000 Adj. Bal 27,000 230000 22.000 Supplies Expense 10,000 10.000 D