Please teach me how do i put these accounts into closing entires and post-closing trial balance!!?

Cash$14,000 (debit)
Office supplies1,300 (debit)
Prepaid insurance2,050(debit)
Equipment50,000 (debit)
Accumulated depreciation, Equipment5,000(credit)
Accounts payable$14,000 (credit)
Wages payable600 (credit)
C.Karise, Capital30,000 (credit)
C.Karise, Withdrawals16,000 (debit)
Repair fees earned90,950 (credit)
Depreciation expense, Equipment5,000 (debit)
Wages expense37,500 (debit)
Insurance expense800 (debit)
Rent expense10,600 (debit)
Office supplies expense3,600 (debit)
Utilities expense2,700 (debit)
Income summary

Totals$143,550 $143,550

Closing entries: Total 197,900
Post closing trial balance: total 67,350

The accounts that you need to close are the temporary accounts- revenues and expenses. You close those to income summary. Your revenues are the repair fees and since it has a credit balance you will credit Income summary that amount and debit the revenues to close that account. Then do the same with expenses, only since they have a debit balance you will credit them and debit income summary.

Then do another trial balance.

Tags

　　Meeting Room 　　Meeting Space 　　Conference Room 　　Offices to Lease 　　Rent Offices 　　Business Centers 　　Service Offices 　　Branch Offices 　　Temporary Offices 　　Shared Offices 　　Commercial Space

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