Closing Entries:

1. Fees Earned 130,000

Inome Summary 130,000
2. Income Summary 65,500
Salary Expense 44,000
Rent Expense 14,000
Communication Espense 1,000
Utilities Expemse 3,250
Supplies Expense 1,950
Miscellaneous Expense 1,300
3. Cecile Hart, Capital 160,000
Income Summary 160,000
4. Incime Summary 41,000
Cecile Hart, Drawing 41,000

CECILE HART
Post-Closing Trial Balance
Month of July 31,2019
Cash 51,000
Accounts Receivable 118,000
Office Equipment 121,000
Office Furniture 16,500
Accouints Payable 123,000
Cecile Hart, Capital 183,500
306,500 306500