Exercise 4-14

This is a partial adjusted trial balance of Barone Company.

BARONE COMPANY Adjusted Trial Balance January 31, 2014
Debit	Credit
Supplies	$ 836
Prepaid Insurance	1,296
Salaries and Wages Payable	$1,046
Unearned Service Revenue	713
Supplies Expense	813
Insurance Expense	432
Salaries and Wages Expense	1,893
Service Revenue	4,167

Prepare the closing entries at January 31, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles & Explanation	Debit	Credit
(To close revenue account)
(To close expense accounts)
(To close net income / (loss))

Exercise 4-14 This is a partial adjusted trial balance of Barone Company. BARONE COMPANY Adjusted Trial Balance January 31, 2014 Debit Supplies $ 836 Prepaid Insurance Credit 1,296 Salaries and Wages Payable $1,046 Unearned Service Revenue 713 Supplies Expense 813 Insurance Expense 432 Salaries and Wages Expense 1,893 Service Revenue 4,167 Prepare the closing entries at January 31, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles & Explanation (To close revenue account) (To close expense accounts) (To close net income / (loss)) Debit Credit