Activity 3.a - Journalize Closing Entries Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of the month. SMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash 16,600 Accounts Receivable 9,200 Office Supplies 200 Prepaid Rent 11,000 Furniture 19,400 Accumulated Depreciation-- 6,600 Date Dec. 31 Accounts and Explanation Debit Service Revenue Income Summary To close Revenue 50,400 Credit Date Accounts and Explanation Debit Credit Retained Earnings Furniture Accounts Payable 2,200 Salaries Payable 500 Interest Payable 300 Unearned Revenue 5,500 Date Accounts and Explanation Debit Credit Notes Payable 7,700 Common Stock 10,800 Retained Earnings 11,000 Dividends 28,200 50,400 Date Accounts and Explanation Debit Credit Service Revenue Depreciation Expense-- 2,200 Furniture Interest Expense 300 Rent Expense 3,300 Salaries Expense 3,800 Supplies Expense 800 Total 95,000 95,000 CHECK ANSWER SKIP TO NEXT 50,400 HINT