Griffin Company had the following adjusted trial balance: Cash Account Titles Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense Total Debit $27,800 18,600 8,170 41,900 15,800 5,400 9,000 5,300 $131,970 Credit $9,200 3,560 2,350 28,960 21,900 60,800 5,200 $131,970 The president of Griffin Company has asked you to close the books (prepare and process the closing entries). Required:

Griffin Company had the following adjusted trial balance: The president of Griffin Company has asked you to close the books (prepare and process the closing entries). Required: The president of Griffin Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions