The trial balance and income statement amounts from the March work sheet of Dagnan Labeling Company are presented below.

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Journalize the adjusting and closing entries of Dagnan Labeling Company at March 31.

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Account Title Trial Balance Income Statement Cash 5,100 Supplies. 2,400 Prepaid rent. 1,100 Office equipment 30,100 Accumulated depreciation. $ 6,200 Accounts payable. 4,600 Salary payable. Unearned service revenue. 4,400 Common stock. 7,500 Retained earnings. 10,300 Dividends..... Service revenue... 1,000 11,700 $16,000 Salary expense 3,000 $ 3,800 Rent expense.. 1,200 1,400 Depreciation expense. 300 Supplies expense.... 400 Utilities expense 800 800 $44,700 $44,700 6,700 16,000 Net income................. 9,300 $16,000 $16,000