23. On December 31, 20--, after adjustments, Tuscany Company's general ledger contains the account balances as shown on the partially completed work sheet below.

	Tuscany Company Work Sheet For Month Ended December 31, 20--
		Adjusted Trial Balance
Account Name		Debit		Credit
Cash		13,000
Accounts Receivable		2,500
Supplies		300
Prepaid Rent		6,200
Equipment		11,000
Accum. Depr.Equip.				1,000
Accounts Payable				1,200
Kristin Tuscany, Capital				8,300
Kristin Tuscany, Drawing		1,400
Fee Income				36,500
Advertising Expense		1,700
Rent Expense		1,400
Supplies Expense		400
Salaries Expense		7,300
Utilities Expense		800
Depr. Exp.Equip.		1,000		______
		47,000		47,000
Net Income

Journalize the (four) closing entries necessary at the end of December.

JOURNAL						30 pts.
	Date		Description	Post Ref.	Debit		Credit