Exam Cohort 1 i 9:34 Exercise 4-2 Closing entries LO1, 2 Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at Ja Accounts receivable Accumulated depreciation, equipment Cash Depreciation expense, equipment Equipment Interest income Rent expense Salaries expense Subscription revenues Trish Norris, capital Trish Norris, withdrawals Unearned subscription revenue Totals Required: Prepare the closing entries. View transaction list Debit $ 21,400 8,900 1,700 19,400 17,900 61,400 19,800 Saved $150,500 Credit $ 12,400 490 71,400 46,810 19,400 $150,500