Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January $31,2023$:

Debit Credit

Accounts receivable $ $20,000$

Accumulated depreciation, equipment $ $11,000$

Cash $7,500$

Depreciation expense, equipment $1,000$

Equipment $18,000$

Interest income $350$

Rent expense $16,500$

Salaries expense $60,000$

Subscription revenues $70,000$

Trish Norris, capital $42,050$

Trish Norris, withdrawals $18,400$

Unearned subscription revenue $18,000$

Totals $ $141,400$ $ $141,400$

Required:

Prepare the closing entries.