Hello-

Please assist with closing entry:

Ramirez Company had the following adjustedtrial balance:

Additional Resources

Account Titles

DebitCreditCash 12,610

Accounts Receivable 8,400

Supplies 6,060

Equipment 45,590

Accumulated Depreciation 8,700

Accounts Payable 4,510

Deferred Rent Revenue 1,750

Capital 46,200

Drawing 16,500

Commission Revenue 41,700

Rent Revenue 5,500

Depreciation Expense 6,200

Utilities Expense 7,700

Supplies Expense 5,300

Total 108,360

108,360

Required:

Prepare the thirdclosing entryto close theIncome Summaryaccount to the Capital account, given thatnet incomefor the period = $28,000.

Date Account Title Debit Credit

Dec. 31

(Choose one)

Accumulated Depreciation

Accounts Payable

Accounts Receivable

Capital

Cash

Commission Revenue

Depreciation Expense

Drawing

Equipment

Income Summary

Rent Revenue

Supplies Expense

Supplies

Deferred Rent Revenue

Utilities Expense

(Choose one)

Accumulated Depreciation

Accounts Payable

Accounts Receivable

Capital

Cash

Commission Revenue

Depreciation Expense

Drawing

Equipment

Income Summary

Rent Revenue

Supplies Expense

Supplies

Deferred Rent Revenue

Utilities Expense

(Choose one)

Accumulated Depreciation

Accounts Payable

Accounts Receivable

Capital

Cash

Commission Revenue

Depreciation Expense

Drawing

Equipment

Income Summary

Rent Revenue

Supplies Expense

Supplies

Deferred Rent Revenue

Utilities Expense

(Choose one)

Accumulated Depreciation

Accounts Payable

Accounts Receivable

Capital

Cash

Commission Revenue

Depreciation Expense

Drawing

Equipment

Income Summary

Rent Revenue

Supplies Expense

Supplies

Deferred Rent Revenue

Utilities Expense

(Choose one)

Accumulated Depreciation

Accounts Payable

Accounts Receivable

Capital

Cash

Commission Revenue

Depreciation Expense

Drawing

Equipment

Income Summary

Rent Revenue

Supplies Expense

Supplies

Deferred Rent Revenue

Utilities Expense