1. Presented below is the adjusted Trial Balance of Poblano Co. at the end of the year 2014. Poblano Co. Adjusted Trial Balance December 31, 2014 Account Debit Credit Cash 8,700 Accounts Receivable 11,200 Supplies 900 Prepaid Rent 1,300 Office Equipment 18,000 Accumulated Depreciation Accounts Payable Interest Payable 500 2,500 100 Salaries Payable 725 Unearned Revenue 1,050 Notes Payable 10,000 Capital 22,000 Drawing 1,600 Revenues 19,060 Salaries Expense 8,725 Rent Expense 2,800 Supplies Expense 600 Interest Expense 100 Depreciation Expense 500 Utilities Expense 1,510 Total 55,935 55,935 Instructions a) Prepare the closing entries (26 pts.) (2 pts. each entry) b) Prepare a classified Balance Sheet at December 31, 2014 (31 pts.) (1.5 pts. each entry and 4 pts. for owner's equity computation) Date Account Titles Debit Credit