An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2017, for Alpine Bowling Lanes is as follows:

Instructions
Prepare the closing entries at August 31, 2017.

Transcribed Image Text:

Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Depreciation expense Equipment Insurance expense Interest expense s 8,200 Notes payable 10,980 Prepaid insurance 18,600 Service revenue 17,940 Supplies 9,300 83,545T. Williams, capital 4,100 T. Williams, drawings 1,500 Unearned revenue $25,000 820 35,900 740 7,845 85,500 18,500 980 Supplies expense