It is December 31, 2023, and time to close the books. The following balances appear on...

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It is December 31, 2023, and time to close the books. The following balances appear on the books of Jesabelle's Rice Treats. a. Service revenue, $27,000 b. Salaries, $5,300; Rent $3,600; Advertising, $3,500 c. Jesabelle Tilman, Withdrawals, $5,000. The following closing journal entries were previously prepared: i (Click the icon to view the journal entries.) 1. The following T-accounts have been set up for you. Insert their adjusted balances (denote as Bal.) at December 31, 2023. Also, insert the balance for Jesabelle Tilman, Capital, $26,000. Post the closing entries to the accounts, denoting posted amounts as Clo. 2. Compute the ending balance of Jesabelle Tilman, Capital. 1. The following T-accounts have been set up for you. Insert their adjusted balances (denote as Bal.) at December 31, 2023. Also, insert the balance for Jesabelle Tilman, Capital, $26,000. Post the closing entries to the accounts, denoting posted amounts as Clo. (If a box is not used in the T-account, leave the box empty; do not select a label or enter a zero.) Jesabelle Tilman, Capital Jesabelle Tilman, Withdrawals Income Summary Salaries Expense Rent Expense Advertising Expense Service Revenue It is December 31, 2023, and time to close the books. The following balances appear on the books of Jesabelle's Rice Treats. a. Service revenue, $27,000 b. Salaries, $5,300; Rent $3,600; Advertising, $3,500 c. Jesabelle Tilman, Withdrawals, $5,000. The following closing journal entries were previously prepared: i (Click the icon to view the journal entries.) 1. The following T-accounts have been set up for you. Insert their adjusted balances (denote as Bal.) at December 31, 2023. Also, insert the balance for Jesabelle Tilman, Capital, $26,000. Post the closing entries to the accounts, denoting posted amounts as Clo. 2. Compute the ending balance of Jesabelle Tilman, Capital. 1. The following T-accounts have been set up for you. Insert their adjusted balances (denote as Bal.) at December 31, 2023. Also, insert the balance for Jesabelle Tilman, Capital, $26,000. Post the closing entries to the accounts, denoting posted amounts as Clo. (If a box is not used in the T-account, leave the box empty; do not select a label or enter a zero.) Jesabelle Tilman, Capital Jesabelle Tilman, Withdrawals Income Summary Salaries Expense Rent Expense Advertising Expense Service Revenue

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ANSWER 1 The following Taccounts have been set up for you Insert their adjusted balances denote ... View the full answer