Question: Please help I stock here Task IIl. CLOSING THE ACCOUNTS -25 points Given the following adjusted balances, prepare closing entries for the year ended December
Task IIl. CLOSING THE ACCOUNTS -25 points Given the following adjusted balances, prepare closing entries for the year ended December 31. Cash 25 Accounts Receivable 10 748 100 Accounts Payable 60 Unearned Revenue15 550 36 Ticket Revenue400 Popcorn Revenue 100 84 Capital Withdrawals Rent Expense Supplies Expense 50 Telephone Expense 72 DL CR entry to close the revenue accounts: (Use the space below) cket Revenue Prepare the 400 100 opcorn Reve nue 15 Unearred Reverue dal 425 the journal entry to close the expense accounts: (Use the space below) buildi 448 100 848 -130 84 50 12 Total 632 Telephore e Prepare the Jourhal entry to close the income summary account: (Use the space below) Capikal 550 Prepare the journal entry to close the withdrawals account: (Use the space below) Whdrowals 36 Ford Consuling Total :3C
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