Financial accounting

1)

QUESTION 2: The trial balances shown below are before and after adjustment for Ryan Company at the end of its fiscal year. ROSERO COMPANY Trial Balance Before Adjustment After Adjustment Cr. Cr. $15,000 10,000 $15,000 10,500 1,000 3,000 30,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock 10,000 20,500 18,800 1,500 800 100 100 7,500 5,700 5,900 Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 27,600 2 52,150 27,600 20,600 30,800 $97,550 $97,550 $132,750 $132,750 Prepare the closing journal entries for the temporary accounts at January 31, 2017