The following is Ponyman Industries' adjusted trial balance in account order for the year ended August 31, 2019.

Ponyman Adjusted Trial Balance August 31, 2019
Account Titles	DR	CR
Cash	$3,860
Accounts Receivable	$2,010
Merchandise Inventory	$18,750
Prepaid Rent	$8,200
Equipment	$43,290
Accumulated Depreciation		$940
Accounts Payable		$2,130
Unearned Revenue		$2,180
Salaries Payable		$2,080
Knope, Capital		$68,170
Sales Revenue		$78,440
Sales Discounts	$1,740
Sales Returns and Allowances	$450
Cost of Goods Sold	$39,220
Depreciation Expense	$1,880
Rent Expense	$9,860
Salaries Expense	$16,000
Utilities Expense	$8,680
Total	$153,940	$153,940

Do not enter dollar signs or commas in the input boxes. When closing accounts, use the income summary method. To close the expense accounts, enter them in the order presented on the trial balance.

Prepare the journal entries to close the appropriate accounts.

Date	Account Title and Explanation	Debit	Credit
2019
Aug 31		Answer
			Answer
	Close revenue accounts
Aug 31		Answer
			Answer
			Answer
			Answer
			Answer
			Answer
			Answer
			Answer
	Close expense accounts
Aug 31		Answer
			Answer
	Close income summary account