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How do I enter these values for the Closing Entries and the Post Closing Trial Balance? Is it from the Trial Balance? If so how?

7 e Update To Check for Peyton Approved Unadjusted trial balance Adjusted trial balance Credit Credit Credit 32 236.75 Prepaid Rent Prepald Insurance 200000 6,000.00 6,000.00 250.00 Office Supplies 7,700,.00 10,000.00 10.000.00 Interest Payable 5,000 480.00 6,000.00 16,000.00 10,000.00 Bakery Sales 55.000.00 21.00 handise Sales 221.00 Baking Supplies Expense 17-400.00 4,500.00 Rent Expense Interest Expense Depreciation Expense Office Supples Expense Business License Expense Wages Expense 4,50000 150.00 250.00 375.00 1,956.00 250.00 5500 86,701.00 Total (FIFO) 86.70100 18500018750.0087,101.0087,101.00 UHice Updat up-to-date with security updates, fixes, and improvements, choose Check for Updates. lo keep Advertising Expense C20 Peyton Approved Closing Entries Qtr ending 9/30/2018 Date 30-Sep Bakery Sales Accounts Debit Credit Merchandise Sales Income Summary 10 30-Sep Income Summary (FIFO) 12 Baking Supplies Expense Rent Expense 14 15 16 17 Wages Expense Office Supplies Expense Business License Expense Misc. Expense Depreciation Expense Insurance Expense Advertising Expense 19 20 21 interest Expense Telephone Expense COGS FIFO 23 30-Sep Income Summary (FIFO) 25 26 Retained Earnings FIFO 30-Sep Retained Eamings Dividends 30 35 37 39 41 45 47 50 fax Peyton Approved Post Closing Trial Balance Qtr. Ending 9/30/2018 Unadjusted Trial Balance Debit Credit Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Office Supplies Accounts Receivable Accounts Payable Wages Payable Interest Payable Notes Payable Common Stock Retained Earnings FIFO Totals

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