T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 150,000 Dec. 31 Income Summary 69,000 Income Summary 150,000 Bright, Capital 69,000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Bright, Capital 19,000 Dec. 31 Income Summary 81,000 Bright, Withdrawals 19,000 Depreciation Expense--Furniture 13,000 To close Withdrawals Interest Expense 18,000 Rent Expense 8,000 Salaries Expense 15,000 Supplies Expense 27,000 To close Expenses