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Instructions: Using the information from Ryan Financial Planners adjusted trial balance, prepare closing journal entries at December 31, 2020. Include both the date and the
Instructions: Using the information from Ryan Financial Planners adjusted trial balance, prepare closing journal entries at December 31, 2020. Include both the date and the explanations (24 points). Ryan Financial Planners Adjusted Trial Balance December 31, 2020 3,900 4,300 1,800 15,800 Cash Accounts Receivable Supplies Equipment A/D - Equip Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Supplies Expense $ $ $ $ $ $ Depreciation Expense $ Rent Expense $ 2,500 600 2,500 2,800 34,200 $ $ $ $ $ 4,800 3,700 5,300 10,000 4,400 $ 6,800 $ 34,200
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