At March 31, account balances after adjustments for Vizzini Cinema are as follows:
Accounts Account Balance (After Adjustment)
Accounts Cash.............................................................................................$11000
Supplies...........................................................................................................4000
Equipment.....................................................................................................50000
Accumulated Depreciation-Equipment......................................................12000
Accounts Payable............................................................................................5000
Owner's, Capital............................................................................................20000
Owner's. Drawings........................................................................................12000
Ticket Revenue..............................................................................................65000
Service Revenue............................................................................................53000
Advertising Expense.....................................................................................18000
Supplies Expense...........................................................................................19000
Depreciation Expense......................................................................................4000
Rent Expense.................................................................................................28000
Salaries and Wages Expense..........................................................................24000
Utilities Expense..............................................................................................5000
Instructions Prepare the closing journal entries for Vizzini Cinema.