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Accounts payable 12,700 Income tax payable $ 4,400 Accounts receivable 28,300 Insurance expense 3,600 Accumulated depreciation-equipment 5.200 Prepaid insurance 2,600 Cash 17.400 Rent expense 5.700

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Accounts payable 12,700 Income tax payable $ 4,400 Accounts receivable 28,300 Insurance expense 3,600 Accumulated depreciation-equipment 5.200 Prepaid insurance 2,600 Cash 17.400 Rent expense 5.700 Common shares 19.900 Retained earnings 21,300 Depreciation expense 4,100 Salaries expense 46,600 Dividends declared 2.100 Salaries payable 3,100 Equipment 23.700 Supplies 1.100 Fees earned 90,600 Supplies expense 3,900 Income tax expense 4,600 Utilities expense 2.400 Feb. 28 Fees Eamed 90600 Income Summary (To close revenue account) 28 Income Summary Depreciation Expense Income Tax Expense Il dobbt!! Insurance Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense To close expense accounts.) 28 Income Summary Retained Earnings (To close net income/loss)) 28 Retained Earning Dividends Declared

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