Lipscomb Corporation
Adjusted Trial Balance
31-Oct-21
	Debit	Credit
Cash	3,840
Accounts Receivable	2,010
Supplies	1,100
Equipment	13,600
Accumulated Depreciation Equipment		750
Accounts Payable		4,700
Unearned Service Revenue		650
Salaries and Wages Payable		480
Common Stock		10,000
Retained Earnings		3,000
Service Revenue		5,100
Depreciation Expense	250
Supplies Expense	1,320
Salaries and Wages Expense	2,080
Rent Expense	480
Totals	$ 24,680	$ 24,680

Can someone please look over my work and confirm it is correct.

NEED HELP CREATING CLOSING ENTRIES

Date	Account Title	Debit	Credit

Lipscomb Corporation Income Statement For the Year Ended October 31, 2021 Revenues Service Revenue $5,100.00 Expenses Salaries and Wages Expense Rent Expense Supplies Expense Depreciation Total Expenses Net Income $2,080.00 $ 480.00 $1,320.00 $ 250.00 $4,130.00 $ 970.00 Lipscomb Corporation Retained Earnings Statement For the Month Ended October 31, 2021 Retained Earnings, Oct 1 Add: Net Income November Retained earnings, October 31 $3,000.00 $ 970.00 $3,970.00 Lipscomb Corporation Balance Sheet 31-Oct-21 Assets Cash Accounts Receivable Supplies Equipments Total $ 3,840.00 $ 2,010.00 $ 1,100.00 $ 13,600.00 $ 20,550.00 Liabilities Accounts Payable Accumulated Depreciation Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Total $ 4,700.00 $ 750.00 $ 650.00 $ 480.00 $10,000.00 $ 3,970.00 $ 20,550.00