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$ Cash Prepaid insurance Equipment Accumulated depreciation, equipment Salaries payable Mitch Richardson, capital Mitch Richardson, withdrawals Repair fees camed Uneamed repair fees Insurance expense Depreciation

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$ Cash Prepaid insurance Equipment Accumulated depreciation, equipment Salaries payable Mitch Richardson, capital Mitch Richardson, withdrawals Repair fees camed Uneamed repair fees Insurance expense Depreciation expense Total Richardson Electro Trial Balance May 31, 2015 Debi Credit $ 9,000 2,500 18,300 3,600 2.000 13.700 9,000 23.800 1,200 1.800 3,700 44,300 $ 44.300 $ Prepare the necessary closing entries at May 31. umn A Column B a $ 18,300 Income Statement (Net Income) b. $ 23,000 N Change in Equity C. 53,200 3 . Total Liabilities o. $ 26,200 4 Total assets

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