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Closing Entries Sep.30 Service Revenue Interest Revenue $ 6,191 $ 97 Income summary $ 6,288 Sep.30 $ 5,982 Income summary Depreciation expense Income tax expense Rent expense Salaries and wages expense Supplies expense Travel expense $ 297 $ 297 $ 397 $ 2,197 $ 197 $ 2,597 Sep.30 $ 306 Income summary Retained earnings |6288-5982) $ 306 Starbooks Corporation Post - Closing Trial Balance At September 30,2018 Account Title Debit Credit Cash $ 297 Accounts receivable $ 297 Supplies $ 497 Prepaid rent $ 97 Equipment $ 3,197 Accumulated Depreciation $ 897 Accounts payable $ 597 Deferred revenue $ 197 Notes payable (short term) $ 497 Notes payable (long term) $ 197 Common Stock $ 197 Retained earnings $ 1,803 (1497+306) Totals $4,385 $4,385
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