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ITK, Inc. has the following adjusted trial balance as of Deoember 31, 2018, the companys year end EEB (Click the icon to view the adjusted trial balance.) Adjusted trial balance a. Prepare the necessary dlosing entries for ITK, Inc. at December 31, 2018. Omit explanations b. Prepare the post-closing trial balance for ITK, Inc. at December 31, 2018 ITK, Ine. Adjusted Trial Balance At December 31,2018 Requirement a. Prepare the necessary closing entries for ITK, Inc. at December 31, 2018. Omit explanations. ( (1) Start by closing revenues Debit Credit Cash Accounts Receivable Prepaid Rent 400,000 7,000 9,900 37,500 December 3 Accumulated DepreoiationEquipment Accounts Payable Wages Payable Common Stock Sales Revenue Rent Expense Wage Expense Usities Expense 2,500 40,000 28,000 18,000 02,200 19,800 288,000 9,000 2,500 17.000 Insurance Expense s790,700 s 790,700 Total Print Done any list or enter any number in the input fields and then click Check Answer input fields and then click Check Answer
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