Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2023: Accounts receivable Accumulated depreciation, equipment Cash Depreciation expense, equipment Equipment Interest income Rent expense Salaries expense Subscription revenues Trish Norris, capital Trish Norris, withdrawals Unearned subscription revenue Totals Required: Prepare the closing entries. Debit $ 20,000 7,500 1,000 18,000 16,500 60,000 18,400 $141,400 Credit $ 11,000 350 70,000 42,050 18,000 $141,400

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