Journalize the adjusting and closing entries for the company in Exercise 4-1. Include explanations. OVERLAND TREKKERS Unadjusted

Journalize the adjusting and closing entries for the company in Exercise 4-1. Include explanations.

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OVERLAND TREKKERS Unadjusted Trial Balance September 30, 2017 $14,240 11,880 2,400 6,780 65,200 Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated amortization-equipment $ 5,680 10,320 0 72,060 Accounts payable Salaries payable R. Puri, capital R. Puri, withdrawals Service revenue Amortization expense-equipment Salaries expense Rent expense Utilities expense 6,000 23,600 3,600 1,560 Supplies expense Total $111,660 $111,660