Focus Consulting has journalized their adjusting entries and prepared their adjusted trial balance. Using the adjusted trial balance, prepare the closing entries using the income summary account for the month of April and create the postclosing trial balance.
Focus Consulting
Adjusted Trial Balance
April
Account Titles DR CR
Cash $
Accounts Receivable $
Prepaid Insurance $
Equipment $
Accumulated Depreciation $
Accounts Payable $
Interest Payable $
Unearned Revenue $
Bank Loan $
Nathaniel, Capital $
Nathaniel, Withdrawals $
Service Revenue $
Depreciation Expense $
Insurance Expense $
Interest Expense $
Office Supplies Expense $
Rent Expense $
Telephone Expense $
Total $ $
Do not enter dollar signs or commas in the input boxes.
When closing accounts, use the income summary method.
For the closing of the expense accounts, enter the expense accounts in alphabetical order.
Date Account Title and Explanation Debit Credit
Apr Answer
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Close revenue accounts
Apr Answer
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Close expense accounts
Apr Answer
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Close income summary account
Apr Answer
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Close owner's drawings
