1) prepare closing entries

2) post beginning balances and the entries

Selected accounts for Oriole's Salon at December 31, 2021, are presented below. A. Oriole, Capital Dr. Cr. 29,000 A. Oriole, Drawings Dr. Cr. 1,600 Service Revenue Dr. Cr. 50,000 Salaries Expense Dr. Cr. 20,400 Rent Expense Dr. Cr. Rent Expense Dr. Cr. 6,200 Dr. Supplies Expense Cr. 7,800 Prepare closing entries to close the accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Dec. 31 Credit (To close revenue account) Dec. 31 part_2.jpg part_1.jpg Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close income summary) | Dec. 31 (To close drawings account) part_1.jpg part 2 ipo (To close expense accounts) Dec. 31 (To close income summary) Dec. 31 (To close drawings account) e Textbook and Media Post beginning balances and the entries. (Post entries in the order of journal entries presented in the previous part. For balances ending in o select bal for the date and for the amount for the normal balance of the account) Income Summary part2.jpg part_1.jpg Post beginning balances and the entries. (Post entries in the order of journal entries presented in the previous part. For balances ending in select bal for the date and for the amount for the normal balance of the account) Income Summary A. Oriole, Capital A Oriole, Drawings part_3.jpg part1.jpg part2 jpg $ % 7 A. Oriole, Drawings Service Revenue Salaries Expense Rent Expense jpg part1.jpg part 2.jpg