3. Prepare closing entries. ACOSTA CO. Adjusted Trial Balance December 31, 2014 $ 100,000 7,000 15,000 9,000 3,300 8,000 $ 3,200 350,000 42,000 700,000 Cash... Accounts receivable Prepaid rent Prepaid Insurance. Office supplies Office equipment. Accumulated depreciation Equipment. Building................. Accumulated depreciation-Building.. Land Accounts payable Salaries payable. Interest payable ..... Long-term note payable. Margarita Acosta, Capital Margarita Acosta, Withdrawals Service fees earned.. Salaries expense Insurance expense Rent expense Depreciation expense-Equipment. Depreciation expense_Building. Totals...... 5,800 14,500 2,500 52,000 1,010,000 200,500 370,800 90,000 5,200 5,000 800 7.000 $1,50.800 $1,500.800