CHAPTER 4 Completing the Accounting Ode and Classing Accounts Exercise 4-9 Preparing and posting closing entries L02,3 CHECK FIGURE. Post-closing balance Marcy Jones. Capital = 591900 Set up the following general ledger accounts using Taccounts for Jones Consulting with the trailers vided. Prepare closing entries at December 31, 2020, and post them to the T-accounts. Mars Yaks, CA Assets 51.00 hors Dec 24 7485 Doc 31 142.000 Spares Emp Rent Expense Marcy Jones, withdrawals Dec 31 27.000 Dec. 31 Dec 31 32900 Series Perera Income Summary Insurance Eugene 1.500 Dec 31 Depreciation Expense Dec 31 2.200 Date Account & Explanation service revenue Dt. Cr. Dec 31 142 2 Dec 31 9,1 3 ind G H J K M N O P o R Assets 142,000 Dec.31 Llabilities 51,000 Marcy Jones, Capital 71,800 Dec.31 Dec.3 Rent Expense 9,100 Marcy Jones, Withdrawals 38,000 Salarles Expense 27,000 Dec.31 Dec.31 Dec 31 Income Summary Insurance Expense 1,500 Services Revenue 103,000 Dec.31 Dec.31 Depreciation Expense 8,200 Dec. 31