Reference ormation used d December 3 Capital have last line of the d December 3 Capital have last line of the Outdoor Adventure Company Decembe Adjusted Trial Balance December 31, 2024 Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Rent st line of Land Building Accumulated Depreciation-Building Canoes Accumulated Depreciation-Canoes Accounts Payable Wages Payable Utilities Payable Telephone Pavable Reerence Requirement 4. Joumalize and post the closing enties at December 3t, 2024. T-uccounts for lhcome Summary and Walace. Capital have been opened for you, Determine the ending balance for each account. Donole each doting amount as Clos and each account balance as Bal. Begin by journalting the closing entries at December 31, 2024. (Record debits first, then credits. Select the explanation on the last ine of the journal entry table.) Close expenses for the period. Close Income Summary. Close Income summary. Close withdrawals