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Turk inc. has the following alphaboticed list of adjusted account baiances at December 31,2020 : The compeny uses an Inconie summary account in the closinig procoss. Requiredi 1. Assuming nommal baignces, prepare the closing entrios at Decentuer 31,2020 the companys year end. Journal entry worksheet 1. Assuming normal balances, prepare the closing entries at December 31, 2020, the company's year-end. Journal entry worksheet Record to close the revenue account to the income summary: Wotni [hterbesite before Geditil. 2. Caiculate the post-closing balance in Retained Earnings at December 31, 2020, (Amounts to be deducted should be indicated by a minus slgn.)
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