Novak company had the following adjusted trial balance.

Novak company Adjusted trial balance June 30,2020

Account titles Cash Debit: $3,700 Credit:0

Accounts receivable Debit: 3,920 Credit: 0

Supplies: Debit: 440 Credit: 0

Accounts payable Debit: 0 Credit: 1,800

Unearned service revenue Debit: 0 Credit: 200

Common stock Debit: Credit: 4,100

Retained earnings Debit: Credit 650

Dividends Debit: 680 Credit:

Service revenue Debit: Credit: 4,950

Salaries and wages expense Debit: 1,500 Credit:

Miscellaneous expense Debit: 270 Credit:

Supplies expense Debit:1,850 Credit:

Salaries and wages payable Debit: Credit: 660

Debit: $12,360 Credit: $12,360

Prepare closing entries at June 30,2020.

Date Account Titles and Explanation Debit Credit June 30 Service Revenue Retained Earnings 4950 (To close revenue account) June 30 Retained Earnings Retained Earnings Salaries and Wages Expense (To close expense accounts) June 30 Service Revenue 2000 Retained Earnings (To close net income / (loss))