The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Owner, Capital, $63,500; Owner, Withdrawals, $2,000; Sales, $56,000; Sales Returns and Allowances, $3,000; Sales Discounts, $1,500; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare closing entry.

                                                   Dr.           Cr.

Sales,                                    $56,000

Income Summary                                  $56,000

                                                      Dr.          Cr.

Income Summary                     $52,500

Sales Returns and Allowances                $3,000

Sales Discounts,                                       $1,500

Depreciation Expense,                            $25,000

Salaries Expense,                                     $23,000

Explanation:

Cash, Equipment, Accumulated Depreciation, Accounts Payable, Owner Capital and Owner Withdrawals are all permanent accounts. These accounts will not close and do not need any closing entry.

an important city to the south and the region's capital is c. kiev

answer; be sure that the information on file is correct;