osing Entries rom the work sheet shown below, prepare the folowing Prepare closing entries for Gimbeli's Gifts and Gadgets In a general journal. If an amount box does not require an Prepare a post-closing trial balance. Gimbel's Gifts and Gadgets Work Sheet For Year Ended December 31, 20-1 INCOME ADJUSTED TRIAL BALANCE TRIAL BALANCE ADJUSTMENTS STATEMENT BALANCE SHEET ACCOUNT TITLE DEBIT CREDT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT Drrr cert . 0,254 DOLL Alt Instructions General Journal Post-Closing Trial Balance 6,682 6,682 Accounts Recelvable 6,682 (b) 16,790 (a) 14,152 16,790 16,790 Merchandise Inventory 14,152 651 (c) 397 254 (d) 205 615 615 Prepaid Insurance 820 Bulding 79,400 79,400 79,400 (e) 3,970 17,468 17,468 13,498 5,277 Accounts Payable 5,277 Wages Payable (t) 253 253 Sales Tax Payable 3. M. Gimbel, Capital 06,511 86,512 3. H Gimbel, Drawig 7,820 7,820 7,820 Amws2-15.790 (a) 14,152 (b) 16,790 16.790 4.152 80 6 Alt Home Instructions General Journal Post-Closing Trial Balance 86,750 86,750 86,750 Sales Returns and Allowances 1,890 1,890 1,890 Purchases 54,470 54,470 54,470 Purchases Returns and 2,824 2,824 2,824 Allowances 1,063 1,063 1,063 Freight-In 826 Wages Expense 16,602 (t) 253 16,855 16,855