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

Debit Credit

Accounts receivable $ $21,400$

Accumulated depreciation, equipment $ $12,400$

Cash $8,900$

Depreciation expense, equipment $1,700$

Equipment $19,400$

Interest income $490$

Rent expense $17,900$

Salaries expense $61,400$

Subscription revenues $71,400$

Trish Norris, capital $46,810$

Trish Norris, withdrawals $19,800$

Unearned subscription revenue $19,400$

Totals $ $150,500$ $ $150,500$

Required:

Prepare the closing entries.