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Brown Company had the following adjusted trial balance! Credit Account Titles Cash Accounts Receivable Debit...

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Accounting

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Brown Company had the following adjusted trial balance! Credit Account Titles Cash Accounts Receivable Debit 11,660 8,580 7,130 49,560 Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue 9,500 3,340 1,890 24,400 21,600 Capital Stock 14,900 Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense 44,400 7,100 Utilities Expense 7,000 7,800 5,600 112,230 Supplies Expense Total 112,230 Required: Prepare the first closing entry to close the revenue accounts to Income Summary. Date Account Title Debit Credit Dec. 31 x

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