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 100,000 Dec. 31 Income Summary 46,000 Income Summary 100,000 Bright, Capital 46,000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Bright, Capital 24,000 Dec. 31 Income Summary 54,000 Bright, Withdrawals 24,000 Depreciation Expense--Furniture 9,000 To close Withdrawals Interest Expense 12,000 Rent Expense 5,000 Salaries Expense 10,000 Supplies Expense 18,000 To close Expenses Depreciation Expense-Furniture Rent Expense Adj. Bal. 9,000 Adj. Bal. 5,000 Bright Withdrawals Service Revenue Adj. Bal. 24,000 100,000 Adj. Bal. Interest Expense Salaries Expense Adj. Bal. 12,000 Adj. Bal. 10,000 Bright, Capital Income Summary 41,000 Adj. Bal. Bright Capital Income Summary 41,000 Adj. Bal. Supplies Expense Adj. Bal. 18,000