ACT200 Spring online 2 x + - ACM Assignment medu kw/pluginfile.php/415310/mod_resource/content/O/ACT200_Spring%20online%202_tap%202.pdf + Fit to page Page view | A Read alc Exercise 1. (55 points) Georgina Company shows the following balances in selected accounts of its adjusted trial balance as of December 31,2019. Supplies 45,000 Service revenue Supplies Expense 5,500 Salaries and Wages expense Accounts Receivable 12,000 Utilities expense Dividends 15,000 Rent expense Instructions: Prepare the closing entries at December 31, 2019. 125,000 30,000 10,000 18,000 (30 points) Exercise 2. Short answer questions 1. What is the purpose of post-closing trial balance? (15 points) 2. List two permenant accounts and two temportary accounts. (15 points) Temporary accounts: 1) 2) Permenant accounts 1) 2) BI