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E the same information as two other questions on this A company's adjusted trial balance is presented below. Company X Adjusted Trial Balance December
E the same information as two other questions on this A company's adjusted trial balance is presented below. Company X Adjusted Trial Balance December 31, 20XX Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Balance Debit Credit $153,000 13,000 42,000 23,000 Accumulated Depreciation, Equipment 304,000 Accounts Payable 62,000 80,000 Unearned Revenue (short-term) 31,000 Notes Payable (long-term) 119,000 Common Stock 139,000 Dividends 10,000 Retained Earnings, January 1, 20XX 84,000 223,000 Service Revenue 62,000 Rent Expense 120,000 Salaries Expense Depreciation Expense - Equipment 8,000 3,000 Utilities Expense $738,000 $738,000 Total $738,000 $738,000 Prepare the four closing entries for December 31, 20XX. Explanations are not required. Show all work to receive partial credit. If you plan to submit scrap paper, please type "scrap paper" below BIUST===
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