Natalie had a very busy December. At the end of the month, after journalizing, and posting a December transactions and adjusting entries, Natalie prepared the following with us trial balance.

Q1) prepare closing entries as of Dec 31,2021

Q1 pt 2)

\begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{l} Adjusted Trial Balance \\ December 31, 2021 \end{tabular}} \\ \hline & Debit & Credit \\ \hline Cash & $900 & \\ \hline Accounts Receivable & 665 & \\ \hline Supplies & 270 & \\ \hline Prepaid Insurance & 920 & \\ \hline Equipment: & 900 & \\ \hline Accumulated Depreciation-Equipment & & $30 \\ \hline Accounts Payable & & 55 \\ \hline Salaries and Wages Payable & S. & 43 \\ \hline Interest Payable: & & 10 \\ \hline Unearned Service Revenue & & 230 \\ \hline Notes Payable & & 1.500 \\ \hline Owner's Capital & & 610 \\ \hline Owner's Drawings & 380 & \\ \hline Service Revenue & & 3,442 \\ \hline Salaries and Wages Expense & 765 & \\ \hline Utilities Expense & 95 & \\ \hline Advertising Expense & 125 & \\ \hline Supplies Expense & 780 & \\ \hline Depreciation Expense & 30 & \\ \hline Insurance Expense & 80 & \\ \hline Interest Expense & 10 & \\ \hline & $5.920 & $5920 \\ \hline \end{tabular} Date Account Titles and Explanation Deblt Credit Dec. 31 (To close revenue account) Dec31 (To close expense accounts) Dec 31 (To close net income / (loss))