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ollowing is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2023: Debit Credit Accounts receivable $ 20,300
ollowing is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2023:
Debit | Credit | ||||||
Accounts receivable | $ | 20,300 | |||||
Accumulated depreciation, equipment | $ | 11,300 | |||||
Cash | 7,800 | ||||||
Depreciation expense, equipment | 1,150 | ||||||
Equipment | 18,300 | ||||||
Interest income | 380 | ||||||
Rent expense | 16,800 | ||||||
Salaries expense | 60,300 | ||||||
Subscription revenues | 70,300 | ||||||
Trish Norris, capital | 43,070 | ||||||
Trish Norris, withdrawals | 18,700 | ||||||
Unearned subscription revenue | 18,300 | ||||||
Totals | $ | 143,350 | $ | 143,350 | |||
Required: Prepare the closing entries.
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