An alphabetical list of the adjusted account balances (all accounts have normal balances) at August 31, 2021, for Alpine Bowling Lanes is as follows:

Instructions

Prepare the closing entries at August 31, 2021.

Transcribed Image Text:

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