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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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