On December 31, after adjustments, Cavazos Company's ledger contains the following account balances:
101 Cash..................................................$37,200 Dr.
111 Accounts Receivable................................16,800 Dr.
121 Supplies................................................3,000 Dr.
131 Prepaid Rent.........................................39,600 Dr.
141 Equipment...........................................54,000 Dr.
142 Accumulated Depreciation-Equip...............1,500 Cr.
202 Accounts Payable....................................7,500 Cr.
301 Monica Cavazos, Capital (12/1/2013)............55,620 Cr.
302 Monica Cavazos, Drawing..........................7,200 Dr.

401 Fees Income.............................138,000 Dr.
511 Advertising Expense......................4,800 Dr.
514 Depreciation Expense-Equip.............900 Dr.
517 Rent Expense..............................3,600 Dr.
519 Salaries Expense.........................28,800 Dr.
523 Utilities Expense...........................6,720 Dr.
INSTRUCTIONS
1. Record the balances in the ledger accounts as of December 31.
2. Journalize the closing entries in the general journal, page 4. Use account number 399 for the Income Summary Account.
3. Post the closing entries to the general ledger accounts.
Analyze:
What is the balance of the Salaries Expense account after closing entries are posted?

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The Warrior Group Worksheet Month Ended December 31, 2013 TRIAL BALANCE ADJUSTMENTS ADCOUNT NAME CREDIT DEBIT 92 40 0 00 1200000 CREDIT DENT 1 Cosh 2 Accounts Receivable s Supplies 6 000 00 (a)2 40000 (b) 3 00000 Prepaid Advertising s Equipment 24 00000 60 00000 Accumulated Depreciation -Equipment 7Accounts Payable B Gayle Worrior, Copita lte)一21400100 12000 00 132 000 00 Gayle Worrior,Drawing o Fees Income 11 Supplies Expense 12 Advertising Expense 13 Depreciation Expense Equipment 14 Salories Expense 15 Utities Expense 18 Totols 17 Net Income 8 40 0 00 500000 () 2400 0 .. (b)一31000100 (c) 2 400 00 1440000 1800 00 00000 219 000007 800 00 800