The adjusted trial balance of Estella Real Estate Appraisal at June 30,2024 , follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references-"Clos.(1)". "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the same line as you entered the balance prior to closing (the second line) and then show the post-closing balance ("Bal.") on the last (third) line of the account. Review the closing journal entries you prepared above. The adjusted trial balance of Estella Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. (Click the icon to view the adjusted trial balance.) Read the requirements. The adjusted trial balance of Estella Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 4. Journalize the closing entries. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Start by closing revenues. Close expenses for the period. The adjusted trial balance of Estella Real Estate Appraisal at June 30,2024 , follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Close Income Summary. The adjusted trial balance of Estella Real Estate Appraisal at June 30,2024 , follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Close Dividends. Year Ended June 30, 2024 Revenues: Service Revenue $48,300 Expenses: Insurance Expense Utilities Expense Salaries Expense Depreciation Expense-Building Supplies Expense Interest Expense 8$4,1002,50034,2008,0002508,900 Total Expenses Net Income (Loss) \begin{tabular}{rr} & 57,950 \\ \hline$(9,650) \\ \hline \hline \end{tabular} Balance Sheet June 30, 2024 Assets Current Assets: Cash Accounts Receivable Office Supplies Prepaid Insurance Total Current Assets Property, Plant, and Equipment: Land Building \begin{tabular}{rrr} $80,000 & \\ & (26,500) & 53,500 \\ \hline \end{tabular} Total Propertv. Plant. and Eauioment 67.400 Liabilities Current Liabilities: Accounts Payable Interest Payable Salaries Payable Unearned Revenue Total Current Liabilities \$ 33,850 Long-term Liabilities: Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings The adjusted trial balance of Estella Real Estate Appraisal at June 30, 2024, follows: (Click the icon to view the adjusted trial balance.) Read the requirements
