1.) Journalize your 4 closing entries.

Adjusting Trial balance

Adjusted Trial Balance
Account	Debit	Credit
Capital (Mr. X)		$100,000
Salary	$15,000
Salary Advance	1,000
Legal Expanse	3,000
Prepaid Expense	1,000
Purchase	45,000
Truck	112,000
Accumulated Depreciation - truck		850
Mr. A		112,000
Drawings	5,000
Sales		205,000
Account Receivable	75,000
Depreciation Expense	850
Electric	3,500
Cash	138,500
Rent payable		2,000
Rent	20,000
Total	419,850	419,850