Ahmed Company accumulates the following adjustment data at December 31. 1. Revenue of $800 collected in advance has been earned. 2. Salaries of $600 are unpaid. 3. Prepaid rent totaling $450 has expired. 4. Supplies of $550 have been used. 5. Revenue earned but unbilled totals $750. 6. Utility expenses of $400 are unpaid. 7. Interest of $150 has accrued on a note payable. Instructions First: Prepare Adjusting Entries (Step 5). Second: Prepare Closing Entries (Step 8)