No they do not affect the other balances. I just need the closing entries to be made for this problem.

Credit NOVEMBER 30, 2020 Debit Cash $33,140 Accounts Receivable 36,970 Inventory 48,270 Supplies 8,770 Equipment 139,540 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries and Wages Expense 138,640 Advertising Expense 27,570 Utilities Expenses 15,360 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 25,170 Totals $1,001,830 $26,340 54,270 51,770 93,270 11,270 764,910 $1,001,830 Adjustment data: 1. Supplies on hand totaled $4,770. 2. Depreciation is $16,755 on the equipment. 3. Interest of $11,850 is accrued on notes payable at November 30. Journalize the closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent man account tities and enter o for the amounts.) Debit Credit No. Date Account Titles and Explanation 1. Nov. 30 i (To close accounts with credit balances.) 2. Nov. 30 Triinni (To close accounts with debit balances.) Nov. 30 * 3. (To close net income / (loss).)