may I ask what is the closing entries

0 Direction: Answer the given transaction. On April 1, 2016, Mar Cruz, a lawyer, opened his own legal practice. The business adjusts and closes its accounts at the end of each month. The following trial balance was prepared after one month of operations. More information: 1. No interest has yet been paid on the note Unadjusted Trial Balance payable. Accrued interest at April 30 Account Title and Explanation Debit Credit amounts to PHP200. Cash 10.060 2. Salaries earned by the office staff but not yet recorded or paid amounted to Accounts Receivable PHP970 by April 30. Prepaid Expenses 7,800 3. Many clients are asked to make advance Supplies 1.460 payment for legal services to be Office Equipment 26,400 rendered in future months. These Accum. Deprn-Off Eqpt advances are credited to the Unearned Notes Payable 16,000 Service Revenue account once Interest Payable received. During April, PHP5,020 of Unearned Service Revenue 15,020 these advances were earned by the Cruz, Capital 20,000 business. Cruz, Withdrawal 3000 4. Office supplies on hand by April 30 Service Revenue 1,580 amounted to PHP400. Supplies Expense 2,680 5. The office equipment was purchased on Salaries Expense 1,200 April 1 and is being depreciated over an 52,600 52,600 estimated useful life of 10 years with no residual value. 0 Required: 1. Prepare the adjusting entries for April 30. 2. Prepare an adjusted trial balance. 3. Prepare a statement of income for April 2016. 4. Prepare closing entries