Question: help please Post the closing journal entries and calculate and enter balances. Assume Tobicue closes its books monthly. (Post entries in the order of journal

 help please Post the closing journal entries and calculate and enterbalances. Assume Tobicue closes its books monthly. (Post entries in the orderof journal entries presented in the previous part. If the ending balanceis 0 select Bal for the date and enter 0 for thenormal balance for that account.) \begin{tabular}{|lr|l|} \multicolumn{3}{|c|}{ Prepaid Advertising } \\ \hlineAug. 1 & 360 & Aug. 31 Adj. \\ \hline Aug. 31Bal. & 180 & \\ \hline \end{tabular} Aug. 31 Adj. Salaries Expense\begin{tabular}{lr} \hline Aug. 10 & 1,880 \\ Aug. 24 & 2,640 \\Aug. 31 Adj. & 1,470 \\ \hline Aug. 31 Bal. & 5,990\\ \hline \end{tabular} Rent Expense \begin{tabular}{lr|} \hline & \\ \hline Aug. 31

help please
Adj. & 185 \\ \hline & Depreciatio \\ \hline \end{tabular} Income Summary
Prepare the closing journal entries, assuming lily closes its books monthly
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Post the closing journal entries and calculate and enter balances. Assume Tobicue closes its books monthly. (Post entries in the order of journal entries presented in the previous part. If the ending balance is 0 select Bal for the date and enter 0 for the normal balance for that account.) \begin{tabular}{|lr|l|} \multicolumn{3}{|c|}{ Prepaid Advertising } \\ \hline Aug. 1 & 360 & Aug. 31 Adj. \\ \hline Aug. 31 Bal. & 180 & \\ \hline \end{tabular} Aug. 31 Adj. Salaries Expense \begin{tabular}{lr} \hline Aug. 10 & 1,880 \\ Aug. 24 & 2,640 \\ Aug. 31 Adj. & 1,470 \\ \hline Aug. 31 Bal. & 5,990 \\ \hline \end{tabular} Rent Expense \begin{tabular}{lr|} \hline & \\ \hline Aug. 31 Adj. & 185 \\ \hline & Depreciatio \\ \hline \end{tabular} Income Summary Prepare the closing journal entries, assuming lily closes its books monthly

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