Answer Happy

Activity 3.c-Post to the ledger. 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 Dec. 31 Date Dec 31 Accounts and Explanation Service Revenue Income Summary To close llevenue Accounts and Explanation Retained Earnings Dividench To close Dividends Debit 100.000 Debit 18,000 Credit 100,000 Credit 18,000 Date Dec 31 Date Dec 31 Accounts and Explanation Income Summary Retained Earnings To dove income Summary Accounts and Explanation Income Summary Depreciation Expense furniture interest Expense Rent Expense Salaries Expense Supplies Expense To cale Expenses Debit 46,000 Debit $4,000 Credit 46.000 Credit 9,000 12.000 5.000 10.000 18,000

PE A Depreciation Expense Futu 9.000 I Die 0 18000 9000 18000 Expe 1.2000 4000 A A 1.000 10000 Se mere 10000 D HE Expens 54000 5000 10:00 Experi noods 10000 000

M te ARE " est lapse 12,000 P 10000 Laings Sales Exper 00 4600 XOOOL S 0 10000 way $4000 100001 46000