Wade Creations Adjusted Thiel Balance December 31, 2010 Credit Debit $ 80,000 80,000 48,800 6,000 300,000 $ 79,000 120,000 97,000 2,300 188,000 45,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Owner's Capital Owner's Drawings Sales Revenue Sales Returns and Allowances Cost of Goods Sold Salaries and Wages Expense Freight-Out Rent Expense Supplies Expense Depreciation Expense Interest Revenue Casualty Loss from Vandalism Totals $ 1,700,000 25,000 1,200,000 406,000 33,400 25,800 12,000 33,100 100,000 9,200 2,284,300 $ 2,284,300 Instructions: Using the adjusted trial balance and the tables below. prepare the closing entries. Please follow the instructions listed Part A First, close all income statement accounts with credit balances in descending order fargest to smallest). If a textbox is not req Part : Second, close all income statement accounts with debit balances in descending order forget to smallest). I a textbox is not Part C. Closing entries as discussed in steps 3 and 4 of the closing process. MacBook Air F1 F2 Bo DOO F3 F4 :1 FS