Journalizing and Posting Closing Entries The adjusted trial balance as of December 31, 2015, for Brooks Consulting Company contains the following selected accounts. Adjusted Account Balances Debit Credit Service Fees Earned 64,240 Rent Expense 16,640 Salaries Expense 36,560 Supplies Expense 4,480 Depreciation Expense 8,160 Retained Earnings 53,600 (a) Prepare entries to close these accounts in journal entry form. General Journal Description Debit Credit Dec 31 (1) To close revenue account. Dec 31 (2) Rent Expense Salaries Expense Supplies Expense Depreciation Expense To close the expense accounts. (b) Set up T-accounts for each of the ledger accounts, enter the balances above, and post the closing entries to them. After these entries are posted, show the closing balance for each account. Service Fees Earned Rent Expense Salaries Expense Beg. Balance Beg. Balance Beg. Balance (1) (2) (2) Balance Balance Balance Supplies Expense Retained Earnings Beg. Balance (2) Depreciation Expense Beg, Balance (2) Beg. Balance (1) Balance Balance (2) Balance