i Data Table X Smith Sign Company Adjusted Trial Balance January 31, 2024 Balance Debit Credit 15,400 1,000 1,500 46,000 $ 6,500 4,800 600 4,200 Account Title Cash Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 4,000 34,400 1,000 17,500 3,600 1,800 300 400 1,000 $ 72,000 $ 72,000 Total Print Done The adjusted trial balance of Smith Sign Company follows: Click the icon to view the adjusted trial balance.) Requirements 1. Assume Smith Sign Company has a January 31 year-end. Journalize Smith's closing entries at January 31. 2. How much net income or net loss did Smith Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Smith Sign Company has a January 31 year-end. Journalize Smith's closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, close revenues. Accounts and Explanation Debit Credit Jan. Date 31