DAVID'S, INC.

Trial Balance

December 31

Debit

Credit

Cash........................................................................

$21

Accounts Receivable...............................................

39

Equipment..............................................................

175

Accounts Payable....................................................

$ 27

Capital Stock...........................................................

117

Retained Earnings...................................................

39

Dividends...............................................................

13

Service Revenue.....................................................

203

Salaries Expense.....................................................

95

Depreciation...........................................................

27

Advertising Expense...............................................

16

____

$386

$386

The accountant for David's Inc. prepared the adjusted trial balance shown above. Prepare the closing entries in the solution area or upload a file with your answer. (Hint - there are four (4) journal entries required)