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ddie %0 ingerati edu h education.com, flow connect.html?sessionid-29487 548 1 549575 389170020682d 19fb747d282882 1 1 f49646d 7tg emailsb nect https:/ewconnect.m Saved eractive Presentations 5 of g Slide 5 v chapter 04: Completing the Accounting Cycle Describe and prepare closing entries Journal Entry The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Owner, Capital, $59,000; Owner, Withdrawals, $2,000; Fees Eamed, $56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare closing entry #1 by selecting the account names and dollar amounts from the drop-down menus. Account Title Date Debit Credit Dec. 31 select select Y select V Income Summary select 56,000 V