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Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2020: Debit Credit Accounts receivable $ 20,900

Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2020:

Debit Credit
Accounts receivable $ 20,900
Accumulated depreciation, equipment $ 11,900
Cash 8,400
Depreciation expense, equipment 1,450
Equipment 18,900
Interest income 440
Rent expense 17,400
Salaries expense 60,900
Subscription revenues 70,900
Trish Norris, capital 45,110
Trish Norris, withdrawals 19,300
Unearned subscription revenue 18,900
Totals $ 147,250 $ 147,250

Required: Prepare the closing entries.

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